Treasury Department Unveils Final Rule Regarding Transferability of Clean Energy Tax Credits
38 North Solutions
MAY 2, 2024
The purchase of the credit must be in cash, and the IRS will negate any tax credit sale where the buyer pays the purchase price only partly in cash. NOTE: Any transactions where the cash paid is less than the market value, the IRS may contend that the seller received something other than cash and negate the sale.
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