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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?
March 6, 2025
9:32 AM