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Deductions & credits
This really has nothing to do with the vehicle eligibility. The issue has been identified if you read. Schedule 2 does not match the IRS form. The following scenario is missing from TurboTax:
1b: Repayment of new clean vehicle credit(s) transferred to a registered dealer
from Schedule A (Form 8936), Part II. Attach Form 8936 and Schedule A (Form
8936) .
Please note that when I enter the information for the vehicle for which I did not qualify, it just says the credit is Zero and does not retain the information.
The vehicle is a 2017 Chevrolet Bolt. It's a BEV. It qualified for the used credit ($4,000) per the IRS guidelines.
I was over the AGI for 2022 and 2023 and did not qualify, so I need to pay the $4,000 I transferred to the dealer back to the IRS.
Token: 1263622
State: OH
Here is a link to the IRS Schedule 2 as well. If TurboTax would handle section 1b, then this would be resolved. Thanks!