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possible bug re 2023 credit for electric vehicle charging station
Working on a return and entered data re purchase and installation of an electric vehicle charging station on my main home property for personal use in summer of 2023. TurboTax computed the credit re form 8911 at 30% of the cost, limited to $1,000. Seemed right until I heard that, for charging stations installed in 2023 and future years, the credit is only available if your property is located in certain census tracts (lower income tracts only) per instructions for F8911. My home is in an urban area and not a low income census tract. Is TurboTax aware of the new requirement? And, if so, how is it checking the taxpayers census tract to determine eligibility or not?
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‎January 11, 2024
12:12 PM