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Does anyone know if there are any requirements on length of ownership of the car for the federal incentive?

Hypothetically, could you buy an EV on Jan 30th and sell it Jan 31st and still claim the tax credit?

I haven't seen any indicating a length of ownership requirement so I assume yes. Not that I'm planning to do that, just curious.
 

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Thanks! I think I did read that line at one point and thought, "ok, I'm not acquiring for resale purposes, so I'm good" and then forgot all about it.

After I got the car, I was talking about the tax credit and someone asked me if that meant I had to keep the car for a certain period of time and I realized I didn't know the answer! Not planning to sell anytime soon, but also don't want to accidentally forfeit thousands of dollars!
 

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One more question, does anyone know what (if anything) the dealer has to do at the time of sale? I realize we didn't discuss this while doing paperwork and nothing they gave me references the tax credit.

I see this on the IRS's website:
  • The seller reports required information to you at the time of sale and to the IRS.
    • Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
Does anyone know what this entails? Is it automatic, or do I need to request it?
 

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@pbolted A dealer, authorized representative should have filled out and signed a Chevrolet New Electric Vehicle Federal Tax Credit Eligibility Form for you.
Thanks! I was going to follow-up here; I already asked the dealer and they had filled out the form and submitted it (wherever that goes) but somehow I left the dealership without a copy when I picked up the car.

Once you know the name of the form (New Electric Vehicle Federal Tax Credit Eligibility Form) it's easy to find guidance on it but without that name it is quite the mystery!
 
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