With the $7500 vehicle credit can you carry forward unused credit? If you rollover traditional ira to Roth cam the credit be used to offset the tax? What about converting 401k?

[cbusa]

With the $7500 vehicle credit can you carry forward unused credit? If you rollover traditional ira to Roth cam the credit be used to offset the tax? What about converting 401k?

[Anonymous_]

See $7500 electric vehicle do you have to use in full? (intuit.com)

[DoninGA]

As stated in your prior post - The EV credit cannot be carried forward to the next year.  If you have a tax liability on your 2022 tax return and the EV credit reduces your tax liability to zero any unused credit will not be carried forward to the next tax year.

[Hal_Al]

Q.  If you convert traditional ira to Roth can the credit be used to offset the tax?

A.  Simple answer: Yes.  For any additional income that results in more taxable income (line 15 of form 1030) , the unused EV credit will be applied to the tax on line 16.  

Check form 8834, as other credits may have to applied to your tax liability, before the EV credit is applied