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Where do I list income for $2,500 CA rebate for electric vehicle?

 
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2 Replies
TerryA
Intuit Alumni

Where do I list income for $2,500 CA rebate for electric vehicle?

That's not "taxable" income. It's merely a reduction in your cost basis of the vehicle.

gretair
New Member

Where do I list income for $2,500 CA rebate for electric vehicle?

This answer seems to contradict an answer from this
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4384811-is-the-california-electric-vehicle-rebate-taxable-income-t...>

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