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Electric Vehicle Credit - Hyundai IONIQ 5
I purchased a new Hyundai IONIQ 5 in November 2022. It's on the IRS list of vehicles qualifying for the full 2022 $7500 tax credit. However, the Turbo Tax software returns a zero credit. I have enough tax expense to cover the credit. I'm wondering if the software is confused by the new Inflation reduction act. The IONIQ 5 is not assembled in the USA and would be excluded in 2023 but under the old law it's still covered. Is anyone else having this problem?
‎January 25, 2023
9:22 AM