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Deductions & credits
We filed our taxes on 2/22/2020, which was 2 days after the awaited EV instructions/forms update on 2/20/2020 from the IRS, that TurboTax and we were waiting for. My electric car was a new 2019 Chevy Bolt that I bought on 8/28/2019. The Turbo Tax program calculated my phase out percentage at 100% on 4b of Form 8936. To this day I am not sure if it calculated my deduction correctly, as my actual tax owed was $5,975.00, which I received back. If my taxes were calculated incorrectly by TurboTax, what would be the fix?
we fie
March 22, 2020
7:55 PM