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February 1, 2025
Question

Why can't I claim the electric vehicle credit when I assigned the dealer the credit at the time of sale?

  • February 1, 2025
  • 2 replies
  • 0 views
Turbo tax is not allowing the electric vehicle credit on my return. I assigned the credit to the dealer.

    2 replies

    February 1, 2025

    If you are not being allowed to enter the required information due to your AGI being too high to claim the credit, please take a look at the following TurboTax help article and register your email address to receive updates:

     

    Why am I unable to enter my EV credit payback where credit was transferred to the dealer?

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    DoninGA
    Employee
    February 1, 2025

    Since you assigned the credit to the dealer, your purchase price was reduced by the amount of credit assigned.

    You are not eligible for the EV credit on your tax return since it was assigned to the dealer.