Question: Self - Study Problem 7 . 8 Question Content Area a . Kyra O'Flaherty is a single taxpayer in 2 0 2 3 with AGI

Self-Study Problem 7.8
Question Content Area
a.Kyra O'Flaherty is a single taxpayer in 2023 with AGI of $67,000(2022 AGI was $65,000). On October 1,2023, Kyra purchased a new 2023 Tesla Model 3(VIN 5YJSA1CG2DFP09797) for $41,000, not including California sales tax of $2,972.50. Using the U.S. Department of Energy website, she confirmed that the vehicle is eligible for both parts of the clean vehicle credit in 2023. The vehicle is for personal use. Kyra's pre-credit tax liability is $7,003 and she is not claiming any other credits in 2023. Complete Parts I, II, and III of Schedule A to Form 8936 and Parts I and III of Form 8936 to determine the amount of Kyra's clean vehicle credit.

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