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Deductions & credits
It's a used electric car bought from Tesla for over $25,000. I found this: Any car that has already been resold after Aug. 16, 2022 (the date the IRA went into effect), is no longer eligible for a tax credit. This is called the “first transfer” rule, and it is intended to prevent cars from being purchased and resold solely for the purpose of claiming tax credits. So I am pretty much [removed]!
February 5, 2024
2:24 PM