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Clean Vehicle Credit on TurboTax Business 2023
TurboTax Business Desktop 2023 doesn't seem to have any questions related to Clean Vehicle Credit if an electric car is purchased by the S-Corp? I thought S-Corps need to file the Form 8936 to claim the 7.5K credit, is that correct?
And does the income threshold of 150K also apply to the S-Corp or its shareholders, even if it's a 100% business vehicle?
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March 7, 2024
2:24 PM