How long does Tesla take to send the form, I applied for it online from the Tesla website and that was 2 weeks ago for my cars.
This would have been better if they ad iload d the form on out Tesla account vs waiting for the form to arrive.
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Tax credit 2023 [The tax credit discussion thread]
- Thread starter CrazyRabbit
- Start date
This would have been better if they ad iload d the form on out Tesla account vs waiting for the form to arrive.
should be available on your Tesla account under documents, we got ours a few days after doing the online request.
rogersmj
Member
Just as a data point, I had no issues filing my return. About three weeks ago I logged into my Tesla account and requested they generate that document (thanks to the directions on this forum). That was not super obvious though, I’m sure there will be plenty of people who don’t know how to go to that.
For what it’s worth, we’re married filing jointly but only my name is on the car’s paperwork. I had to use my 2022 MAGI to qualify for the credit, for the vehicle purchased in 2023. Two days ago on 2/16 I filed my return, and it was accepted by the IRS on 2/17.
For what it’s worth, we’re married filing jointly but only my name is on the car’s paperwork. I had to use my 2022 MAGI to qualify for the credit, for the vehicle purchased in 2023. Two days ago on 2/16 I filed my return, and it was accepted by the IRS on 2/17.
Hmm, I am in same boat. Do I need the 2022 MGI ? What is this exactly ? A form to fill in.and submit to IRS ?
Please give me details as I really need the tax credit. Mine is an 2023 M3 RWD, bought in Sep/2023.
I've been filing online through FreeTaxUSA for eight years. I filed last week and everything went great, including my EV Tax Credit. I have never paid a dime to file. They have saved me lot's of money through their interactive guides. This year, I had forgotten to file my carryover investment losses from last year and FreeTax reminded me. They do have some paid services which some may take advantage of, but they are very reasonably priced.
I also looked up the net and MAGI is the gross income (simply called AGI), IF taken out the deductions / credits, we get the Taxable Income.
IRS already had my 2022 MAGI as I need to enter this number when e-Filing 2023 tax.
My 2022 MAGI is greater than 150K but lower than 200K, for joint filing, I think I am still qualified for EV tax credit.
Is there anything else I have to get for IRS ?
MAGI:
Your modified AGI is the amount from line 11 of your Form 1040 plus:
• Any amount on line 45 or line 50 of Form 2555, Foreign Earned Income.
• Any amount excluded from gross income because it was received from sources in Puerto Rico or American Samoa
https://www.irs.gov/pub/taxpros/fs-2023-29.pdf
How do you deal with transactions in your investment accounts? As far as I know, this tool doesn't support the import of these transactions.
I believe FreeTaxUSA gives an option of entering them individually or as a summary. I don't enter them individually since there are dozens. Both Vanguard and Merrill Lynch do all the computations for me and I just transfer the data, manually from the 1099's.
I don't know about importing transactions. These links would indicate that you can not.
Importing 1099 statements for stock trades from Brokerage.
FreeTaxUSA Review: A Suitable $0 Option For Most Filers, But State Returns Cost Extra
FreeTaxUSA Review 2024
rogersmj
Member
Like Alonzo, I enter them as a summary from the 1099. IRS doesn't care about you entering the details of each individual transaction...unless you get audited, I presume.
I also like FreeTaxUSA — I switched to them from Intuit TurboTax years ago. Don't know well it handles small business income (I'll find out next year...just started a business), but for your typical W-2 wages and individual brokerage/retirement accounts it does great.
I submitted CA and FED taxes last night and both were accepted.My TT showed waiting for Form 8936, but 8911 was final. A day after 8936 was final, 8911 went back to Do Not File until 2/21…
I might be moving to Free Tax USA next year. How do they make money?
ucmndd
Well-Known Member
I had no issue with the EV credit on TurboTax. Submitted both Fed and CA over the weekend. Both were accepted. Filling all information took an hour or two. Downloading, installing, updating, contacting customer support, uninstalling, re-installing, and successfully launching TurboTax took longer.
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