I purchased a Toyota Prime Plug in January of 2022, and it has a listed tax credit of 4502.00. I am not familiar with the 8936 forms, but I am thinking this form is to be submitted at the end of 2022 along with your 1040 for that year and is not to be submitted any sooner.
Toyota will soon reach its 200,000 EV/Plug in limit for a full tax credit and will begin to phase the tax credit out. My question is since I purchased my plug in on 1/10/22 will I be in line for the full tax credit specified above vs. other folks who purchased their vehicles later in the year after the 200,000 limit was reached? Thanks for any input you or the community can provide. Avery
