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EV Tax Credit and Capital Gains
I am planning to buy an EV that qualifies for the EV Tax Credit of 7,500. This year, I sold a rental property and have capital gains. Capital gains tax amount will be around 15K. I am checking if there is a benefit if I make the EV purchase before the end of 2023.
Can I use the EV credit to lower my tax payment overall?
TY
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‎December 3, 2023
1:39 PM