TurboTax is not calculating the phaseout limitatio...

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Intuit

TurboTax is not calculating the phaseout limitation correctly for General Motors electric vehicles

In TurboTax, the program is not calculating the phaseout limitation correct for General Motors electric vehicles on Form 8936.

For example, if you bought a Chevy Bolt between Sept. 30, 2019 to March 31, 2020, you should receive 25% of the credit. Currently, the program is calculating that you would not receive any credit.

This issue is projected to be resolved by 02/05/2021. Please sign-up here to receive email updates.

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