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Documentation/proof needed to claim $7.5k EV credit?

Discussion in 'Electric Vehicles' started by Electroman, Aug 22, 2018.

  1. Electroman

    Electroman Active Member

    Joined:
    Aug 18, 2012
    Messages:
    4,704
    Location:
    TX
    I was wondering, if someone who bought last year, could list out the documentation/proof that is needed while filing tax return to claim the $7.5k credit? Should i get something specifically from Tesla? or DMV?

    Also what is the IRS tax code or form, that I can let my tax accountant know, so that he/she can read through and understand the details and make sure they file the appropriate form?

    thank you.
     
  2. Tam

    Tam Active Member

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    Visalia, CA
    Each December, I've been buying H&R Block tax software for the form 8936 which requires filling in 5 info:

    1) Model year
    2) Make
    3) Model
    4) VIN
    5) Date placed in service

    You don't need to send in any proof until you got specifically audited for this purchase, then of course, you can submit your car title as proof.

    I didn't use Turbo Tax because it didn't allow form 8936 for quite some time until a final form came out later after March 1st.

    If you do-it-yourself, you can go to irs.gov to get the form 8936. Or in your case, have your accountant to read up that form.
     
  3. Uncle Paul

    Uncle Paul Active Member

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    Location:
    Canyon Lake,CA
    You fill out a form and state your income. They state that they may audit some of the submitted forms and if so, you will need to provide documentation to substantiate your claimed income.
     
  4. NickFie

    NickFie Member

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    Sep 28, 2017
    Messages:
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    Location:
    Near Philadelphia, PA
    You can also claim EV Charger installation costs. That deduction phases out with higher income.

    2017 tax year. Not sure about 2018.
     
  5. Electroman

    Electroman Active Member

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    Thank you for all the details. Much appreciated
     
  6. ewoodrick

    ewoodrick Active Member

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    Apr 13, 2018
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    Location:
    Buford, GA
    Most any accountant uses commercial software and doesn't do it by hand. All you need to do is tell them about the car as TAM indicated and it should come up as a question when the run the software.
     

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