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Client purchases a new Tesla vehicle for $52,564 on 6/16/19.
Client purchases a new Tesla vehicle for $52,564 on 6/16/19.He owes federal $628 and Self employment taxes of $2,881.Does the credit bring his federal owed to zero and have a carryover of $3,750 - 628… read more
Lev
Lev
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Bachelor's Degree Equivalent
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1099 from Tesla shows the gains of $70,362 but does not show
1099 B from Tesla shows the gains of $70,362 but does not show the cost basis. what do i need to tell my client to get so i can add the cost basis, it says basis not reported to irs… read more
emc011075
emc011075
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I have a question regarding EV tax credits. I am looking to
I am looking to buy used tesla model s. original owner didnot claim 7500 tax credit So Can I claim that 7500 $, if I buy it now … read more
Barbara
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My cousin is buying a e-hybrid vehicle where 1/2 of the
My cousin is buying a e-hybrid vehicle where 1/2 of the vehicle runs on battery ( electricity ). The dealer told him that he qualifies for upto $7500 in Federal Tax credit ...is this a true statement.… read more
Robin D.
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I own a self-proprietorship from a home office. My car and
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How do I know how much of 7500 of electric car credit would
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emc011075
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taxmanrog
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A client of mine purchased a Tesla in 2018. I am filling
A client of mine purchased a Tesla in 2018. I am filling form 8936 form him and I have taken a credit for $7,500. I wanted to confirm if that would be correct.Prashant… read more
Lev
Lev
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Bachelor's Degree Equivalent
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A physician owns 100% a S-Corp in California. His wife is an
A physician owns 100% a S-Corp in California. His wife is an officer, treasurer, and office manager/administrator of the S-Corp. They have 4 other employees. The physician drives long distance to clin… read more
Lev
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I was trying to enter the credits for Tesla the allowed
I was trying to enter the credits for Tesla the allowed credits are 7500 which goes on line 4a and the phase out percentage is 100% so what should I enter on line 4b is it 1 or 100 if I enter 100 it m… read more
Barbara
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I'm looking to buy a Tesla Model X for my business. From
Hi, I'm looking to buy a Tesla Model X for my business. From what I understand the tax code changed for 2018 allowing for complete write off of the vehicle if it is used 100% for business in the first… read more
Dr. Fiona Chen
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Ph.D.
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Self-employed California resident wants to buy Tesla
Self-employed California resident wants to buy Tesla electric vehicle eligible for maximum tax credit. He can buy one barely over 6000 pounds, or one less than 6,000 pounds. The car that is less than … read more
Lane
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I have a small businesss, sole owner LLC and am looking to
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Chad EA, CDFA®, CFP®
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Client buys a Tesla Model S used in 2016. 2012 model. Buys
Client buys a Tesla Model S used in 2016. 2012 model. Buys it for business. Is the tax credit available to her through her business? Does the car have to be new or the owner new.… read more
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I am trying to do file a tax extension for my father, but on the info it asked to enter the expected tax liability for 2015. How do i know this if his taxes have not been done, thats why we need an ex… read more
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I want to buy a Tesla Model S, which qualifies for the $7500
I want to buy a Tesla Model S, which qualifies for the $7500 federal tax credit. However, I have close to zero federal tax liability (middle school teacher in low paying district). Can you think of an… read more
Robin D.
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Plug-in hybrid tax incentives California & Federal. What are they? What changes after 12/31/13… read more
Lane
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Our 19yr. old son graduated from a tech school is Sept. He
Our 19yr. old son graduated from a tech school is Sept. He started his new employment in Nov. Purchased over 8,000. in mechanic tools so far. We will be claiming him this year yet. Next year we can no… read more
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