Turbo Tax Instructions for Ammended 22 Tax Credit

[UnsungZero_OldTimeAdMan]

For those of us that signed the BPA, I understand the date placed in service must be Aug 15, 2022 on form 8936. Does it matter that the "date acquired" will be _after_ the date placed in service if we took delivery in 2023? Seems backwards but then it is the IRS....

The scheme is essentially back-dating. By having the BPA you effectively agree to buy, press into service, the day before IRA became enforceable law, 8/15/22. Actual delivery and in-service date don’t matter to IRS. This is per IRS’s own instructions. https://rivian.com/support/article/...EV-tax-credit-using-a-binding-order-agreement

Unlike most tax codes and instructions, this one is straightforward.

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[JayinNJ]

What about the new rebate in 2024 that can be applied directly ot the purchase price? anyone?

The problem is the Trucks probably don't qualify either in price and/or battery materials and manufacturing. Just like the reduced credit in 2023.

 

[PhatDaddy]

in turbo tax, when you look in Form View, you see this for 8936

Uh oh… just picked up my R1T on 12/30… which is a 2024 model year… but looks like 2024 is not an option on the form. I am a BPA and price-locked purchaser.

 

[UnsungZero_OldTimeAdMan]

Uh oh… just picked up my R1T on 12/30… which is a 2024 model year… but looks like 2024 is not an option on the form. I am a BPA and price-locked purchaser.

Form will likely get updated. What got posted, we weren’t in 2024 yet. IRS guidance, in link I posted, specifically say binding agreement holders are eligible even if they take delivery in 2023 or later. And everyone has 3 years from original tax return filing to amend 2022 returns. This is on IRS website in plain writing.

 

[bgg1]

Any idea if this will still work for a vehicle delivered now (Sept '24) if it's a '25 model?

 

[rivianista]

Any idea if this will still work for a vehicle delivered now (Sept '24) if it's a '25 model?

Wondering about the same. Are you able to apply for your tax credit? I am in the same situation.

 

[bgg1]

Wondering about the same. Are you able to apply for your tax credit? I am in the same situation.

A bit late for a follow up but how'd you make out with this? Trying to file ammendment but want to make sure my accountant gets it right. He's asking for VIN, year, etc.

 

[bgg1]

Follow up: Filed a very belated 22 this year (so not amended). Went off without a hitch. Got the $7,500 with my refund. Thanks everyone!

 

[SwaziCAR]

in turbo tax, when you look in Form View, you see this for 8936

I apologize for the delay, but I just stumbled upon this.

What you're looking at is the TurboTax view of the "form," which isn't the true form that is submitted.

On my hardcopy Form 8936 as I printed it from Turbotax, the "placed in service date" is in Part I, Line 3; there is no "Date Acquired" line on Form 8936 itself, and there is no Line 5 in Part III of the form, at least in the January 2023 revision of the form, which is what I used and for which I will paste an IRS link below (if I'm smart enough).

Form 8936 Jan 2023 Revision

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