Form 8936 question for next year's taxes (2022):
I found a 2020 PHEV vehicle which has 20,000 miles on it but has NEVER BEEN TITLED. A dealer kept it in its inventory as a 'dealer vehicle' and eventually sold it through a dealer auction to another dealer who is now offering it for retail sale. If bought, I would be the FIRST title owner. The car otherwise fit requirements and qualifies for a partial credit of about $4500
Assuming no legislative changes, would this car qualify for the 2022 PHEV tax credit because of this? IRS website instructions for form 8936 only refers to "original use" needs to begin with me. Would this situation qualify?
*fingers crossed* 🙂
