...I'm using it now.
I believe if you do a trade-in for a car at a dealer, you are only charged taxes for the difference in the two vehicles. With that in mind, what is the price of the purchased car? I know that sounds a little obscure, or obvious, but I'm talking from a federal tax standpoint... which is never obvious or logical. In regard to the Used Clean Vehicle Credit, does the same thing apply here? If the car (and I) meet all other check boxes, can I get a used $35K Tesla S with a $11K trade-in and qualify for the UCVC?
I believe if you do a trade-in for a car at a dealer, you are only charged taxes for the difference in the two vehicles. With that in mind, what is the price of the purchased car? I know that sounds a little obscure, or obvious, but I'm talking from a federal tax standpoint... which is never obvious or logical. In regard to the Used Clean Vehicle Credit, does the same thing apply here? If the car (and I) meet all other check boxes, can I get a used $35K Tesla S with a $11K trade-in and qualify for the UCVC?