 My 914 just made me some money!! |
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| sgomes |
 Feb 27 2005, 01:32 PM
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Electric Member  Group: Members Posts: 815 Joined: 6-May 04 From: Campbell, CA Member No.: 2,029  |
I just got done with my taxes. My 914 conversion qualifies for the electric vehicle tax CREDIT. Uncle Sam is going to give me back $1500!!!!!!!!! WOOOOOOOOOT! (IMG:http://www.914world.com/bbs2/html/emoticons/smilie_pokal.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/clap.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/mueba.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/aktion035.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/flag.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/monkeydance.gif)
Hmmm....lets see... (IMG:http://www.914world.com/bbs2/html/emoticons/idea.gif) McMark rustoration?.....Dr. Evil interior.....downpayment on a Otmar Zilla (IMG:http://www.914world.com/bbs2/html/emoticons/drooley.gif) |
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| sgomes |
Mar 4 2005, 08:57 AM
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Electric Member Group: Members Posts: 815 Joined: 6-May 04 From: Campbell, CA Member No.: 2,029 |
Hey Otmar and anyone else who has an electric vehicle. Here is my final story. Things have changed a bit. Please note: I am not a tax professional. I don't know what the f%#@ I'm talking about. This information is for entertainment purposes only (IMG:http://www.914world.com/bbs2/html/emoticons/rolleyes.gif)
Here is what H&R Block researched for me: Pub 535 particularly pgs 45-46 Tax Regulation RIN 1545-AR23 IRSCode 30 and 179A The upshot of the whole mess is that a converted car does not qualify as an electric vehicle for the purposes of the electric vehicle credit. HOWEVER, the relevant criteria for meeting the clean air vehicle deduction is that the vehicle must not meet the qualifications of the electric vehicle credit. (IMG:http://www.914world.com/bbs2/html/emoticons/screwy.gif) And if this makes any sense to you at all you should stop (IMG:http://www.914world.com/bbs2/html/emoticons/smoke.gif) Soooooooo it qualifies for the clean air vehicle deduction which is $2000. It's a deduction and not a credit so that kinda sucks but at least it's not one of the itemized deductions so it doesn't get reduced if you have too many deductions. It just comes right off the top. I need a (IMG:http://www.914world.com/bbs2/html/emoticons/beer3.gif) |
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Posts in this topic
sgomes My 914 just made me some money!! Feb 27 2005, 01:32 PM
Otmar Right on!
And I thought that was just for new ... Feb 27 2005, 06:35 PM sgomes Well, this is where things get a little dicey.... ... Feb 27 2005, 07:09 PM redshift Oh my god, you aren't all just nuts, YOU'R... Feb 27 2005, 08:02 PM URY914 Of all the members here, you two are the only ones... Feb 27 2005, 08:08 PM URY914 That explains it. I'm converting my car now. <... Mar 4 2005, 09:19 AM aircooledboy Don't sweat it boys. That is a perfectly legit... Mar 4 2005, 09:38 AM Otmar Mar 4 2005, 11:42 AM Travis Neff So if you do get some sort of credit, do know that... Mar 4 2005, 12:16 PM RON S. Congrats, http://www.914world... Mar 4 2005, 12:27 PM
sgomes Mar 4 2005, 01:52 PM |
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