My 914 just made me some money!! Options

[sgomes]

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)

[Otmar]

QUOTE (sgomes @ Mar 4 2005, 07:57 AM)

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.  :screwy:   And if this makes any sense to you at all you should stop  :toke: 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.

Thanks for the details, I'll check those numbers out.

I really don't get it.... (IMG:http://www.914world.com/bbs2/html/emoticons/wacko.gif)
(IMG:http://www.914world.com/bbs2/html/emoticons/smoke.gif) Wait, maybe I do...
(IMG:http://www.914world.com/bbs2/html/emoticons/smoke.gif)(IMG:http://www.914world.com/bbs2/html/emoticons/smoke.gif) OK, Now it all makes sense. (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif)