Hello,
Avid TT user for decades. Love the product! However I have a question on tax implications of the EV tax credit.
I am considering purchasing an electric car and taking the $7,500 credit. I cannot find any information about what happens if I sell the car after taking possession and claiming the credit. Do I have to repay the credit? Where would I report the sale in TT?
Credits for New Clean Vehicles Purchased in 2023 or After | Internal Revenue Service (irs.gov)
I believe the form is 8936:
About Form 8936, Qualified Plug-In Electric Drive Motor Vehicle Credit | Internal Revenue Service (i...
