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Deductions & credits
Regarding the USED EV Tax Credit: I understand that the buyer must have an intent at the time of purchase to NOT be buying the vehicle for resale, but what is the consequences of selling it soon thereafter, like say a month later? I have heard that you must keep it for at least 30 days to avoid issues with the IRS. Is there any requirement that the buyer must hold on to the vehicle for any specific time period to avoid any IRS recapture claims?
‎November 30, 2024
1:58 AM