2024 Federal Tax Credit for Electric Trucks
Hello, can you please tell me if an LLC has no net income can they still receive the 2024 tax credit incentive for electric trucks (up to $40,000), effectively receiving money from the government? Our LLC is only owned by my husband and myself. It is a pass-through LLC and presented on our personal tax returns. If net income was made, it would be presented on our personal tax returns. Can this credit be taken and reduce/increase our total personal tax return? Thank you!
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