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Happy tax season everyone.
Phase out calculation is wrong. I purchased a Tesla in October 2019. The credit should be 25% of $7500= $1875 but Turbotax tells me it is $7500.
Turbotax please fix this ASAP so that we can file our taxes.
The Qualified Plug-in Electric Drive Motor Vehicle Credit or Form 8936 is not calculating correctly. The tentative credit is showing as too high.
This issue is projected to be fixed by 02/21/2020.
You can sign up here to receive email notifications when updates related to this issue become available.
Please see this TurboTax Help Article for more information.
@aliveli4950
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