I got a rebate check from the Minnesota EV Rebate program and entered it as other income in the federal section. The rebate is not subject to MN tax. How do I remove it

[hoffadg]

I got a rebate check from the Minnesota EV Rebate program and entered it as other income in the Federal Tax section. The rebate is not subject to state tax. How do I remove it from my income in the Minnesota Tax section?

[AmyC]

The rebate check is typically no longer considered income for your tax return. Instead, it reduces your basis in the asset. The IRS has changed several laws around energy efficiency. Unless you received a 1099-MISC for the rebate, then it would be taxable income.

MN is still updating, see Form availability. If you have taxable income, you should be able to remove it once the program is complete.

[hoffadg]

I clicked on the link and it looks like the MN forms are ready but I still can't find where I can subtract the amount I entered in the Federal section for the EV rebate.  I'm using the online version.

Thanks,

Dan

[DaveF1006]

It depends.  According to this Turbo Tax link, most, if not all these forms, are not ready until Jan 30. Please, check back after that time for an update. 

@hoffadg 

[hoffadg]

According to the link, MN form M1M is ready, yet I still do not see any options to enter the amount I received for the MN EV Rebate Program in 2024.