Hi Folks, did anybody claim two or more credits per year? I don’t see specific limitation on number of them, presuming you have enough tax liability, but just want to double check if somebody had experience with this.
Claim as many as your tax liabilities will cover. Cant be for resale purposes though. So flip them at your own risk tolerance for IRS audit.
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Thanks, I actually might not be flipping, at least one will stay, but good to know.
Are you leasing or purchasing?
If you lease flipping you can’t claim the credit. Well unless you are flipping a 4xe, not many leased EV’s give the credit.
If youre leasing, you never claim the credit, because leases do not get the tax credit.
They may get an equivalent amount incentive, but they do not get the tax credit.
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Purchasing
In that case, it all comes down to you having sufficient tax liability.
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That’s what I thought, thanks for confirmation
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