Bill Tatun· Registered
Discussion Starter · #181 ·
This is great that they finally announced that they are leaving the original transition language (which was signed into law) alone and clearly the ONEs will qualify. I also have an Ultra reservation that should also qualify, but I am less committed to that purchase anyway, so the small deposit debate (which I think holds up anyway) is going to be less important to me going forward. But glad to see this language nonetheless, firms a few things up for folks wondering.That is very promising.
Line 3Enter 08/15/2022 if you qualify and elect to apply the transition rule discussed below.Transition rule. If you purchased, or entered into a written binding contract to purchase, a qualified plug-in electric drive motor vehicle after 2021 and before August 16, 2022, you may elect to treat such vehicle as having been placed in service on August 15, 2022, the day before the enactment date of the Inflation Reduction Act of 2022.
No reference to delivery prior to December 31, 2022 and no language defining a "written binding contract". Of course, I am sure there will still be a lot of debate on what a binding contract will be. I am planning on amending my 2022 return as soon as I have physical possession of my car.