{keyword} And 6418=6418-- Uocb -

: The cash received by the seller is not included in their gross income, and the buyer cannot deduct the payment. Single Transfer Rule : Credits may only be transferred once . Eligible Credits

under Section 48 Transferable Energy Tax Credits Under IRC § 6418.

: All payments for transferred credits must be made in cash .

: The transfer election must be made by the due date of the tax return (including extensions) for the year the credit was determined.

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under Section 45Q Transferable Energy Tax Credits Under IRC § 6418.

: If a transferred credit is found to be excessive, the buyer (transferee) is generally liable for a penalty equal to 20% of the excessive amount unless "reasonable cause" is shown.