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Deductions & credits
A 2022 chevy bolt euv was a demo vehicle at a dealership, the date of placed in service for the car's warranty was in summer 2021. However the car was sold as new in February 2023 due to having a blank title. The dealership signed that the car would be classified as a New Clean Vehicle sold after 2022. Would this car be eligible for the maximum $7,500 tax credit? All criteria is met otherwise besides the date placed in service. Or would date of placing in service be the day the customer purchased the car, hence placing the car in service?
If not eligible for up to $7,500, can the dealership be held accountable for falsely certifying that the car would be classified as a New Clean Vehicle?
March 4, 2023
8:10 PM