Form 8936 New car bought in August 2025.
I transferred the 7500 to the dealer at point of sale.
I may not quite have a 7500 tax burden this year.
My taxes are nearly done and turbo tax does not show this at all.
How would this show up on my tax form?
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If you transferred your EV tax credit of $7,500 to the dealer and your tax liability is less than $7,500, the excess is not subject to recapture from the buyer or the dealer. So no recapture is shown on your tax return.
See Question 4 of this IRS Q&A.
You still have to file form 8936 to report that you have transferred your credit to the dealer
To file form 8936, follow these steps:
The form is there. But all that shows up is line 1a and 2.
On the associated schedule A, its only has the car data and the date it was bought (August 2025).
On line 4, I hit YES and entered the 7500.00 amount, but on the form it only shows the YES and has no amount.
I was expecting somewhere where it compares the 7500 to my tax owed and enters the difference somewhere so I would pay that back. That is not happening.
I somehow missed the first part of your response.
I do not understand our government sometimes even though I used to work for it (Naval Officer).
Thanks for your replay.
Unless my return is rejected, I should be fine.
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