Skip to main content
Employee
October 9, 2024
Question

does a sole proprietor qualify for commercial clean vehicle credit?

  • October 9, 2024
  • 2 replies
  • 0 views

IRS.gov FAQ says:

 

Q1. Who is eligible to claim a credit under section 45W of the Code for purchasing a qualified commercial clean vehicle (Qualified Commercial Clean Vehicle Credit)? (added Dec. 29, 2022)

A1. A taxpayer can claim a Qualified Commercial Clean Vehicle Credit for purchasing and placing in service in the taxpayer's business a "qualified commercial clean vehicle" during the taxable year. The taxpayer must use the vehicle for a "business.

 

So I'm assuming it does include Sole Proprietorships?

    2 replies

    Employee
    October 9, 2024
    No text available
    October 9, 2024

    The credit is available to individuals and their businesses