To transfer the EV tax credit to a dealer, you must provide the following documents and information at the time of sale:
- Taxpayer Identification Number (typically your SSN)
- Photocopy of government-issued photo ID (e.g., driver’s license)
- Completed attestations for:
- Income eligibility (prior or current year AGI not exceeding limits)
- Primary use (new vehicles: personal use; used vehicles: buyer qualifications)
- Tax filing commitment (agreement to file a return reporting the credit transfer)
- First/second transfer election (declaration this is your first or second transfer this tax year)
- Recapture liability (agreement to repay if AGI later exceeds limits)
Dealers are required to collect this information and submit it to the IRS to process the credit as an immediate point-of-sale discount. You’ll also need to complete Form 8936 when filing taxes to confirm the transfer.
Note: Dealers cannot require you to transfer the credit – the election is voluntary.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/what-documents-do-i-need-to-transfer-the-ev-tax-credit-to-a-dealer/
