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Deductions & credits
You would need to purchase the vehicle by 12/31/2022 to use on your 2022 return; however, you can claim it on your 2023 return. Remember, you need to have a Tax Liability to claim the credit, as it is a non-refundable credit.
Here's more info on Vehicles Purchased in 2023 and Splitting the Electric Vehicle Credit.
Only one credit for vehicle can be used. Either you or the co-owner can claim the credit, but not both.
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‎April 7, 2023
3:55 PM