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Deductions & credits
you do not report the EV credit as income. you transferred the credit to the dealer so you already got the tax benefit. If you don't qualify all that is needed is completing the 8936/schedule A (TurboTax says they're ready) and indicating the credit was transferred to the dealer. Turbotax will add any unallowed credit to your tax liability, not to your income. This will flow to schedule 2 line 1b
‎February 12, 2025
7:03 PM