Used Car Tax Credit

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Topic Author
Bones212
Posts: 62
Joined: Fri Jun 17, 2022 2:07 pm

Used Car Tax Credit

Post by Bones212 »

I am in a unique position where I can buy several older EVs with replacement batteries that are under warranty. The vehicles would be purchased from a dealership and would potentially qualify for the used car tax credit.

I wanted to know if I am allowed to purchase one for myself and one for my LLC as well. I think that a business purchase nullifies the tax credit but I've received conflicting information from several sources. Since I own the LLC, both me and my LLC would be under the same tax return.

If anyone knows how long you need to keep the EV that would be very helpful as well. Thanks very much.
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