I purchased an EV in 2024 and the $7500 credit was transferred to the dealer at the time of purchase. I got a message in TurboTax online saying that the "Total Personal Portion of your New Clean Vehicle Credit is Zero". My MAGI is under $300,000 (married filling jointly).
Does it mean we don't qualify for the credit and need to return the $7,500? or that the credit was already applied when it was transferred to the dealer and therefore there is no "credit" given in this tax return? The message is confusing. Thanks!
