After filling put form 8936 for EV tax credit, do you have to mail paperwork to the IRS? To get the $7,500 tax credit?

[MayaD]

No. The dealer/seller of a new clean vehicle (including a qualified fuel cell vehicle) must provide a report to you and the IRS providing information required to claim the credit, including the following.

• Your name and taxpayer identification number (TIN).
• The vehicle’s VIN.
• The battery capacity of the vehicle.
• Verification that the original use of the vehicle begins with you.
• The maximum new clean vehicle credit allowable for the vehicle.

The electric vehicle tax credit, or the EV credit, is a nonrefundable tax credit. Nonrefundable tax credits lower your tax liability by the corresponding credit amount, but do not result in a refund of any excess credit amount.

If you qualify, the credit goes on form 1040 schedule 3 line 6f and will carry over with other nonrefundable credits to form 1040 line 20. 

 

EV Credit

How do I preview my TurboTax Online return before filing?