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Deductions & credits
Yes, the EV tax credit section appears to not be functioning correctly for me. When I enter the information about my Tesla Model 3 SR+ purchased at the end of March 2019, TurboTax reports that i qualify for $7500 credit. The IRS website lists the credit as half that.
TurboTax allows me to override its figure and enter the correct amount. I did that. But. I’m concerned that when this bug is fixed, the corrected amount I entered will be “Corrected” too, and my return will become inaccurate. Does intuit have a projected date for fixing this?
(the credit, by they way, does get computed into my Federal Tax Due figure at the top of the screen, but I’m itemizing deductions)
February 15, 2020
1:37 PM