Deductions & credits


@Insagn wrote:

I did not receive any money from the dealer. I assigned my federal $7,500 tax credit to the dealer at the time of purchase which reduced to cost of the EV.


 

That essentially means you received it from the dealer.  As I said before, your EV should not affect your tax return at all (assuming your income is within the limits; you will need file the form for the credit but not receive any credit because the dealer received it).

View solution in original post