Solved
For 2019 purchased vehicle to file on 2020
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.
@aliveli4950 wrote:
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.
See this TurboTax support FAQ for the 8936 error - https://ttlc.intuit.com/community/tax-topics/help/form-8936-qualified-plug-in-electric-drive-motor-vehicle-credit-is-not-calculating-correctly/01/1147839#M4113
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