We are an unmarried couple who bought a car together. We bought a plug-in hybrid (PHEV) and it qualifies for a $4000 federal tax credit. Can the EV tax credit be split between the two of us (filing separately)? How would that work?
So here are the list of cars and credits: https://www.fueleconomy.gov/feg/taxphevb.shtml
And here is the IRS form: http://www.irs.gov/pub/irs-pdf/f8936.pdf
On line 4 of the form, I could just type in half the credit amount on each person's tax return. But does anyone have an opinion on doing that?