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Deductions & credits
to be specific, if you buy 5 NEW EVs , and Line 22 is $40,000 prior to applying the tax credit, that will work
being the "owner" is not good enough as you could be the 2nd owner, which means the auto is not elgible as a NEW EV.
and it has to be a NEW EV, not just an EV. in other words, a used EV does not qualify.
‎August 23, 2023
2:07 PM