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Level 3
February 19, 2025
Question

EV Tesla Model Y Credit

  • February 19, 2025
  • 3 replies
  • 12 views

I have finished Form 8936, claiming the $7,500 credit as instructed for a taxpayer, but the credit is not reflecting in the calculation tax liability. I've carefully reviewed my entries on Form 8936 and double checked all supporting documentation to ensure accuracy. However, the software still doesn't showing the credit. Could you suggest potential reasons why the credit isn't appearing and what further steps I should take to resolve this discrepancy? I am concern about the accuracy of taxpayer return if this credit isn't properly reflected. Any guidance will be greatly appreciated.

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3 replies

sjrcpa
Level 15
February 19, 2025

Income too high?

The more I know the more I don’t know.
Just-Lisa-Now-
Intuit Community Champion
February 19, 2025

Last year I remember people struggling to get the credit to compute, I havent had one yet to have a chance to see how the form works this year.  Without a valid VIN I dont think I can dummy up that form and see if it works or not.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
fesemaguAuthor
Level 3
February 23, 2025

Thank you for your help. The taxpayer has transferred the credit to the dealership.

BobKamman
Level 15
February 19, 2025

Did he get the credit at time of delivery, from the dealer?  I think that's what most people did last year.  

Just-Lisa-Now-
Intuit Community Champion
February 19, 2025

Yea, I'm requiring the Form 15400 from the dealership for any EV credits.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪