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Level 2
posted Jan 27, 2025 4:01:37 PM

How do I repay a misclaimed Clean Vehicle Credit in TurboTax?

I transferred the used EV tax credit to the dealer but then got a bonus that puts me above the income limit to qualify for the credit.  When I enter the vehicle on TurboTax it just says I don't qualify, but I received a letter from the IRS saying I need to report the credit using Form 8936 and Form 8936 Schedule A. I looked at the forms and know that I should be reporting this on Form 1040 Schedule 2, line 1b. I know I owe roughly a $2000 credit and need to see it reflected on my TurboTax return.

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1 Replies
Expert Alumni
Feb 2, 2025 7:20:30 PM

We are aware that some of our customers are having an issue with the EV credit payback reporting when the credit was transferred to the dealer.

 

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