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

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

: 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

Section 6418 applies to several key energy credits, including:

: Once an election to transfer is made, it is irrevocable.