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yes. remember the ev credit reduces tax basis which will reduce the amount available for depreciation.
As in the tax basis for the vehicle itself or like my total tax basis.
so if my car cost $50,000 do I have to depreciate as if it’s $42.5K
or
if I owe $10,000 of taxes I now have $2.5K left for my car depreciation?
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SB2013
Level 2
SB2013
Level 2
Binoy1279
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
alvin4
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RE-Semi-pro
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