Correct. The form 8936 will have a date put in service that you will enter into the 2022 tax software next spring, along with the VIN and other information.....that will ID the quarter you bought it.
The Credit doesn't actually drop immediately once the 200,000 vehicle limit is reached......there is another 2 quarters that the full credit is available for people who purchase later....then it starts dropping.
Federal tax credits will soon be phased out for Toyota EV customers in the US - Electrek
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
