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Incorrect "Battery Capacity" indicated by dealer on Form 15400... Anything to worry about?

mblialou2010

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I have a question regarding my situation with the recent purchase of a 2024 Lightning Flash. I've decided to get the $7500 tax credit when I file my taxes instead including it in the deal. I did receive the Form 15400 that the dealership filed with the IRS and also received the IRS 30D (confirming that the IRS has received and accepted the report). Initially I just glanced over the forms and everything looked right (I mean it's just basic information on the 15400 - dealer address, date of sale, vehicle VIN, so how hard is it to not mess up). However, when I recently started preparing everything for when we file taxes (receipts, expenses, etc.) I read through the entire form 15400 that the dealer filled out and noticed that they indicated 9.6 kwh as the "Battery Capacity" by mistake, which would actually be the power output of the ProPower Onboard. I got the Flash which has a 131 kwh battery capacity. I then read up on the IRS website and noticed that apparently the amount of the tax credit you can get is dependent on, among other things, the battery capacity of the vehicle. Am I worried for nothing and the report that the dealership filed with the IRS is based on the VIN (which will verify that the truck actually has 131 kwh) or is this something that can cause issues? Under the "Transfer Election" section at the bottom of Form 15400 the dealer did indicate a credit of $7500", but I am not sure if the incorrect battery capacity will cause issues with getting the full $7500 credit. Any comments/suggestions would be much appreciated!
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jamelski

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It’s a known issue with a lot of people’s. My form says I have 13.1 kW battery, but if you look at the bottom of the form, it should show the total credit allowed and show 7500 relax this form isn’t even required when you file your taxes. It’s based off your Vin in the IRS system knows that vin if it qualifies or not. You will also get 10 different answers from 10 different people stating oh you need your form fixed that form is generated by the IRS website when the dealer puts the price of the vehicle in the VIN number you’ll be fine relax, lol
 
 





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