>this also applies if you transfer the credit to the dealer at point of sale
replyNo, it does not. See Q4 at the following link:
https://www.irs.gov/newsroom/topic-h-frequently-asked-questi...
My understanding is that the dealer has to have the tax liability. IANATL, YMMV.
reply>money is fungible
replyAnd then you contradicted yourself 2 phrases over.