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TurboTax Home & Business 2023 would not use 2022 AGI for EV Purchased in April2023 EV Tax Credit calculation?

My AGI for 2022 was under $150K. I purchased and took delivery of an EV in early April 2023.

 

My 2023 AGI exceeded the $150K limit.

 

I used TurboTax Home and Business for both 2022 and 2023 tax year. But the 2023 TurboTax would not use the 2022 AGI ?

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1 Reply
MonikaK1
Expert Alumni

TurboTax Home & Business 2023 would not use 2022 AGI for EV Purchased in April2023 EV Tax Credit calculation?

If you go back into the interview for the EV credit in Deductions and Credits, and your current year AGI is over the limit, the next screen after "What kind of Clean Vehicle did you buy in 2023?" will ask (see screenshot):

 

 

Enter the prior year amount as indicated. This works for both TurboTax Online and TurboTax Desktop.

 

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