[David Libbe]

I reserved the Venture when reservations started. Since the manufacturing restrictions of IRA I have worked on getting a purchase agreement. Nissan gave me a chance with there latest agreement to purchase. Correct me if I am wrong but I think This is the way it works, When my Venture arrives at the dealer I designated I have to take a copy of my purchase agreement, a copy of my IRA tax return for 2021 to justify the new income capand my reservation to get the tax credit.

 

[ab13]

I reserved the Venture when reservations started. Since the manufacturing restrictions of IRA I have worked on getting a purchase agreement. Nissan gave me a chance with there latest agreement to purchase. Correct me if I am wrong but I think This is the way it works, When my Venture arrives at the dealer I designated I have to take a copy of my purchase agreement, a copy of my IRA tax return for 2021 to justify the new income capand my reservation to get the tax credit.

Honestly, not sure if anyone know how this will work. If it's a tax credit then that will be done only on the tax return you file.

 

[David Libbe]

I thought that the new bill was in effect on signing and tax credit was paid at time of purchase. if not I don't mind taking it April of next year. But i need to qualify and IRA form 8936 doesn't seem to fit.

 

[Starkitect19]

I thought that the new bill was in effect on signing and tax credit was paid at time of purchase. if not I don't mind taking it April of next year. But i need to qualify and IRA form 8936 doesn't seem to fit.

I don’t think point of sale rebates will begin until 2024. Until then, I think you’ll get your rebate in the following tax season.

 

[improvius]

I reserved the Venture when reservations started. Since the manufacturing restrictions of IRA I have worked on getting a purchase agreement. Nissan gave me a chance with there latest agreement to purchase. Correct me if I am wrong but I think This is the way it works, When my Venture arrives at the dealer I designated I have to take a copy of my purchase agreement, a copy of my IRA tax return for 2021 to justify the new income capand my reservation to get the tax credit.

I would not assume the Ariya will be eligible for a tax credit regardless of the "agreement" Nissan sent out. You should talk to a contract attorney and/or tax professional before making any decisions.

 

[jag]

I reserved the Venture when reservations started. Since the manufacturing restrictions of IRA I have worked on getting a purchase agreement. Nissan gave me a chance with there latest agreement to purchase. Correct me if I am wrong but I think This is the way it works, When my Venture arrives at the dealer I designated I have to take a copy of my purchase agreement, a copy of my IRA tax return for 2021 to justify the new income capand my reservation to get the tax credit.

The point-of-sale credit will not be in place until 2024. You'll take the credit on your 2022 tax return (in 2023) provided the binging agreement etc. is all good.

 

[KVR]

Regulations.gov

www.regulations.gov

I have not had time to study this proposal. I think our response would be of immense value in obtaining the tax credit. Could someone please read this proposal in detail and comment?
Thanks

 

[ab13]

Regulations.gov

www.regulations.gov

I have not had time to study this proposal. I think our response would be of immense value in obtaining the tax credit. Could someone please read this proposal in detail and comment?
Thanks

This is the relevant section regarding existing orders. They are requesting general public comments on that page, so it may be helpful to do so.

"Section 13401(l) of the IRA provides a transition rule for a taxpayer who
purchased or entered into a written binding contract to purchase a new qualified plug-in
electric drive motor vehicle (as defined in § 30D(d)(1) of the Code, as in effect on the
day before the date of enactment of the IRA (August 15, 2022)) after December 31,
2021 and before the date of enactment of the IRA (August 16, 2022), and placed such
vehicle in service on or after the date of enactment of the IRA. The transition rule
provides that such a taxpayer may elect (at such time, and in such form and manner as
the Secretary may prescribe) to treat such vehicle as having been placed in service on
the day before the date of enactment of the IRA."

 

[bufkey]

This is the relevant section regarding existing orders. They are requesting general public comments on that page, so it may be helpful to do so.

"Section 13401(l) of the IRA provides a transition rule for a taxpayer who
purchased or entered into a written binding contract to purchase a new qualified plug-in
electric drive motor vehicle (as defined in § 30D(d)(1) of the Code, as in effect on the
day before the date of enactment of the IRA (August 15, 2022)) after December 31,
2021 and before the date of enactment of the IRA (August 16, 2022), and placed such
vehicle in service on or after the date of enactment of the IRA. The transition rule
provides that such a taxpayer may elect (at such time, and in such form and manner as
the Secretary may prescribe) to treat such vehicle as having been placed in service on
the day before the date of enactment of the IRA."

Regulations.gov

www.regulations.gov

I've entered my comment and recommend all to voice your concerns/comments to amend the transition rules to include all valid pre-orders and reservations prior to 08/16/22 as valid binding contract. This is our chance to let the IRS know our concerns, so the more the better - There are 20 days left to leave your comments.

 

[atreis]

Done. Essentially said what bufkey has above, although in my own words. FWIW, IRS can't amend the law (it's a law, not a rule), only Congress can do that, but they can choose a more liberal interpretation.