The following was sent by our Fremont, CA based tax accountant. That said, we operate under three LLC's in Arizona. Because these are investment companies, we do not take a salary so here is what our accountant sent us. The $7,500 federal credit for the Tesla isn’t going to happen. In order to take advantage of the credit, you have to have ordinary tax to offset the credit against. Unfortunately you only have self-employment tax and the credit can’t offset that. If you don’t use the credit in the year you bought the car, then you lose the use of the credit. I found that in the Form 8936 instructions for line 23, “If you cannot use part of the personal portion of the credit because of the tax liability limit, the unused credit is lost. The unused personal portion of the credit cannot be carried back or forward to other tax years.” We own a 2015 90D, purchased new last August. Any tax experts on this subject?