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      01-18-2024, 03:49 PM   #1
kewei719
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2023 X5 45e - Tax credit seller requirements?

Does anyone know how the dealer should report clean vehicle credit information to the IRS? I purchased a 45e in Feb 2023, and according to IRS, the seller needs to report the sale to IRS before a buyer can claim for the tax credit. Called the dealer and BMW North America, neither of them knows how to do it... Here is the link to the instructions from IRS: https://www.irs.gov/credits-deductio...r-requirements

Anyone who has gone through the process with a vehicle purchased and delivered in 2023?
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      01-18-2024, 04:35 PM   #2
TurtleBoy
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Quote:
Originally Posted by kewei719 View Post
Does anyone know how the dealer should report clean vehicle credit information to the IRS? I purchased a 45e in Feb 2023, and according to IRS, the seller needs to report the sale to IRS before a buyer can claim for the tax credit. Called the dealer and BMW North America, neither of them knows how to do it... Here is the link to the instructions from IRS: https://www.irs.gov/credits-deductio...r-requirements

Anyone who has gone through the process with a vehicle purchased and delivered in 2023?
Welcome to the forum. Your link tells them the various ways to report it. Unfortunately it seems like most dealers just ignored the 15400 reporting requirement last year so now many are scrambling to report it. While hopefully they do it, it shouldn't affect your ability to get the credit, just file for it and you should be fine.
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