aclsmb1smbacl
Returning Member

Deductions & credits

I have a simliar question...

 

If I sign a contract to purchase a Chevy Bolt EUV this last of December 2022 (which I'm assuming equals the Acquisition Date in Form 8936...although I don't really know if that is the correct definition), when GM vehicles do NOT qualify for the $7500 tax credit because GM reached the 200K cap a couple of years ago, BUT I do NOT take delivery (which I'm assuming equals the Placed in Service Date in Form 8936...although I don't really know if that is the correct definition) therefore place in service) until January 1, 2023 when that 200K cap is lifted for GM EVs...can I claim the tax credit in April 2024 for the 2023 tax year?

 

Anyone know the answer, please?