turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

EV tax credit when trading in a recently new car for another EV

I purchased a vehicle that qualified for the $7500 rebate on Dec 6th.  After a couple weeks I decided that I wanted to upgrade and traded it in on another EV vehicle that qualified for the rebate.  I'm concerned this would make me classified as a "reseller" and disqualify one of the rebates.  I'm not sure if these apply in this specific situation as I didn't sell the vehicle, I traded it in to the dealer. 

Any advice here would be welcome, as if I'm not eligible for the 2nd tax credit, I may unwind the deal.

Topic A — Frequently asked questions about the eligibility rules for the New Clean Vehicle Credit un... 

 

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies