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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).
‎December 17, 2024
12:21 PM