MyronL
New Member

Business & farm

When you say depreciate the full value, do you mean the value after the tax credit?  I am a sole proprietor.

If the vehicle is $24,000,  can the company take a tax credit of $4k, then depreciate the $20k?  or $24k?

 

The dealer has to assign the credit at the time of the sale I believe, in fact they can use the tax credit as a down payment if the tax credit is transferred to them.  Great idea if possible.  Is this true?