I purchased and took delivery of a Tesla Model 3 in June 2019. My dad is a co-signer on the loan for the car and also was present when we took delivery/signed all the necessary purchase agreements forms with me as well. His and my name appears on the car registration. His income qualifies for the full $3750 EV federal tax credit, but my income isn’t high enough to get the full credit (I would only get ~$1800 of that $3750).
Since he is a co-signer/co-owner of the car, can we use the federal tax credit on his taxes in order to use the full $3750 credit? Also, we live in CO so we are eligible to get an additional $5000 for the state. Thus, should we just have him fill out the EV credit for his federal and state taxes?
Thanks so much for your help!
