I purchased a new EV in 2024. I went to file my taxes now and the IRS doesnt recognize the VIN. I immediately realized that the dealership failed to report the sale to the IRS Portal.
I received $7500 discount at the point of purchase (already got my $7500). What happens if I forgo filing form 8936 since I cant seem to get the dealership to go on the portal now to enter the sale information? There was a 3 day timelimit which the IRS has now removed but the dealer doesnt seem to want to do it. Who will lose out on the $7500 at the end? Will it be the dealership for failing to timely report the sale or will someone come to claw back $7500 from me?
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You will lose and you will be the one that needs to pay the credit back.
The IRS did open it for a short time for dealers to report, however, if they did not choose to report, the IRS has not issued additional guidance on what taxpayers can do to resolve this.
For now, what you can try is to print and mail your return along with form 8936, 8936 Schedule A, and proof of purchase that includes the date, price, VIN and dealer information. This will allow your return to be received by the IRS and let them look at it to determine how to handle your EV credit.
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