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EV credit of $7500
It appears Turbotax is calculating my EV credit as a refund, vs credit. I qualify for the $7500 Credit. Prior to entering my EV, I owe fed tax of $1782. After I enter my EV information and $7500, it shows I am receiving a "Refund" of $5540. The credit should only cover taxes I owe, and not be a refund!
I can't get an answer from Turbotax on this issue. Anyone else with this problem?
March 11, 2024
11:45 AM