K-MTG
Sunshade Captain of TMC
If I take delivery by December 31 of this year will I be able to deduct the tax for nest year (April)?
Thanks
Thanks
You can install our site as a web app on your iOS device by utilizing the Add to Home Screen feature in Safari. Please see this thread for more details on this.
Note: This feature may not be available in some browsers.
Yes, 2016 delivery/registration would go on your 2016 tax return when filed in early 2017.If I take delivery by December 31 of this year will I be able to deduct the tax for nest year (April)?
Thanks
Yes, 2016 delivery/registration would go on your 2016 tax return when filed in early 2017.
My estimate is building my 3 at the very end of Decemebr and I do not take delivery until January (east coast line waiter, getting first production) So this distinction of registration vs delivery is something I need to research...unless someone here already knows this answer ?? (hint hint to the smart people)
What counts against the 200K total? Is it total sales or total number of people that take the tax credit? I know some people that did not bother to take the tax credit on previous Model S / X.
Arguably, Tesla should try to avoid hitting 200,000 US cars delivered until their production rate is as high as possible. In Q1 2018, production will still be ramping up. So why not make a bunch of Canadian buyers happy, and postpone the 200,000th US car to the beginning of Q2 2018?
Tesla has some 79k more US cars to sell before hitting the 200k mark. So even if they hit the 200k in 4th quarter of 2017 (which they won't), they would still have all of Q1 of 2018 at the full credit, so the above numbers are absolutely incorrect. Troy's are probably correct but will be stretched later if Tesla has a slower than expected model 3 ramp up.I say:
$7500 before 2018
$3750 between Jan 2018 and June 2018
1875 between July 2018 and Dec 2018
Looks like at current timeline, AWD will only get half credit.