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Level 3
June 30, 2022
Question

CA clean energy rebate

  • June 30, 2022
  • 1 reply
  • 4 views

My client purchased a Tesla and received a Calif Clean Vehicle rebate. It is a C Corporation. Is this rebate taxable for either CA or IRS?

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1 reply

sjrcpa
Level 15
June 30, 2022

I think it reduces the basis.

The more I know the more I don’t know.