Question

Do I report the $7500 tax credit for purchasing the EV vehicle on my taxes? Seller of the vehicle has filed the form 15400 Clean Vehicle Seller Report to the IRS.

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Employee

Did you take possession of the vehicle in 2023 or in 2024?

You can follow these steps to enter your electric vehicle purchase in TurboTax:

1. Start in the Federal section of TurboTax and then look for Deductions and Credits

2. Look for Cars and Other Things you Own

3. Choose Energy-Efficient Vehicles

4. Work through that section, you will be asked to enter the VIN of the vehicle, year of the vehicle, model and other information

TurboTax will calculate any available credit based on your answers.

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