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Deductions & credits
There is a $4500 difference in the credit thus is significant. I suggest reporting $30,000 as the cost to receive either a $9000 credit or to the amount of your tax liability for the year, whichever is less.
As far as what was mentioned about your rebate being more than 70% of the cost, I could find no reference regarding this so I can't provide an example for you. if you have enough tax liability to absorb the full amount of the credit, you will be credited for the full amount of the credit. If not, then the credits will be carried forward until the entire amount of the credit is recaptured by you.
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‎February 2, 2023
4:36 PM