Turbo tax Premier desktop will not allow credit for 2023 electric vehicle purchased in 2023

[bushle]

I started working on my 2023 taxes. I tried to input data for my 2023 Chevrolet Bolt EUV, for which the credit allowance is $7500. Yes, I purchased it in 2023, no I am not leasing it, yes, I drive it in the USA, not in foreign lands. Turbotax tells me I get not credit for my purchase, which is false. Something appears to be completely FAILURE with turbotax in this regard. Help please?

[xmasbaby0]

  Click Review to see if you are missing some forms needed in order to e-file.

Many federal and state forms are not yet available.  Check here for form availability. The dates are subject to change.

Tax form availability tool,

No hurry to e-file since the IRS will not begin to accept/reject 2023 e-files until January 29.   And….a state return cannot be accepted until after the IRS accepts your federal return.

[DoninGA]

The IRS Form 8936 Clean Vehicle Credit for tax year 2023 has not been finalized in TurboTax.

The form is scheduled to be available on 02/21/2024.

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

[bushle]

Well, that's interesting. I got to the "Am I leasing the vehicle from another party?" question. The default answer appears to be Yes. I decided to answer "Yes" instead of "No". I got to the data entry point and put in my VIN and date in service, tentative amount of credit ($7500). I took the information and spit out my credit. However if I answer "no" it tells me "Sorry, you can't claim this credit.". Why?

[RobertB4444]

The wording on that question can be a little confusing.  

The question is actually "Is this vehicle for personal use, or leasing to others, and not for resale?"  

So the answer in your case is 'Yes' because it is a personal use vehicle.  

If you were to answer 'No' then you are saying that it is a leased vehicle.  If that is the case then the credit would belong to the party who is leasing the vehicle to you, not to the person leasing the vehicle.

That is why there is the note there that says "If you are leasing the vehicle from another person. Answer No."

@bushle