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Turbo Tax still claims EV credit

Discussion in 'Model Y' started by WADan, Feb 26, 2021.

  1. WADan

    WADan Member

    Joined:
    Sep 28, 2020
    Messages:
    134
    Location:
    Bellevue WA
    I was doing my tax yesterday using step-by-step, and the software claims $7500 credit for MY. This is obviously wrong!
     
    • Like x 1
  2. kadify

    kadify Member

    Joined:
    Nov 19, 2020
    Messages:
    232
    Location:
    colorado
    When I went through turbotax it claimed the credit was 0 but I could enter up to 7500 if I felt the calculation was wrong. Is that what you're seeing?
     
    • Like x 1
  3. WADan

    WADan Member

    Joined:
    Sep 28, 2020
    Messages:
    134
    Location:
    Bellevue WA
    Please note that “credit” only offset the tax owed, so it’s zero if you don’t owe any tax.
    I was using step-by-step process, and the software asked if I bought an EV (which I filled out the information). It then claims the $7500 credit.
    Regardless, there is no more tax credit for Tesla (for a while now), so the software is incorrect!
     
  4. frankvb

    frankvb Supporting Member

    Joined:
    Feb 29, 2020
    Messages:
    715
    Location:
    San Diego, CA
    I remember TurboTax used to ask which brand of EV you bought (when I claimed the credit for a new Leaf bought in 2018). This year I didn't even try to go there, bought the Y in 2020.
     

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