I took tax credit for my purchase of my 2022 Hyundai Ioniq 5 bought in Mar. 2022 on my 2022 tax return.
All that was needed was my bill of sale.
Will be doing the same for my Tesla.
I hope it covers all of the below otherwise we will all have to deal with Tesla agents again. Those guys are already backed up and I don't want to add to their misery. This is directly from IRS website
Q8. What information does a seller have to provide to a taxpayer purchasing a new clean vehicle to allow the taxpayer to
claim the new clean vehicle credit? (updated February 3, 2023)
A8. A seller must provide the following information on a report to the taxpayer and to the IRS:
• Name and taxpayer identification number of the seller
• Name and taxpayer identification number of the taxpayer
• Vehicle identification number of the new clean vehicle
• Battery capacity ofthe new clean vehicle
• Verification that the taxpayer is the original user ofthe new clean vehicle
• The date of the sale and the sales price of the vehicle
• Maximum credit allowable for the new clean vehicle being sold
• Forsales after December 31, 2023, the amount of any transfer credit applied to purchase
• A declaration under penalties of perjury from the seller
For further details see Revenue Procedure 2022-42.
