Dealerships that didn't provide paperwork for EV Tax Credit {Solution post #119}

[Tclark5]

granted I bought my Lariat n September 2023 and I paid cash. My dealer never heard of such paperwork. I got my rebate last year simply by filling out form 8936 and entering my VIN.

They changed the rules for 2024 tax year. 7500.00 taken off sale price, dealer ship has to file vin within 3 days to get their money back. Same for the used EV’s. A dealer in FT Lauderdale screwed me out of my 4000 for a used RV under the 25,000 threshold. I contacted the IRS, nothing I can do except small claims against the dealer.

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[flyct]

They changed the rules for 2024 tax year. 7500.00 taken off sale price, dealer ship has to file vin within 3 days to get their money back. Same for the used EV’s. A dealer in FT Lauderdale screwed me out of my 4000 for a used RV under the 25,000 threshold. I contacted the IRS, nothing I can do except small claims against the dealer.

1/2 correct.

For Tax year 2024 the dealership has option of either applying the tax credit at point of sale by selecting it be transferred at time of sale OR selecting to not transfer it and the buyer must file for it on their tax return.

For either option to be valid the dealer MUST register the sale with the IRS within 3 days and they are supposed to provide an IRS form 15400 to the buyer.
https://www.irs.gov/pub/newsroom/form-15400-sample-new.pdf

Also if the tax credit is transferred to the dealership it isn‘t “taken off the sale price“, its applied after all sales taxes are calculated. Its treated just like an additional down payment, rebate or incentive.