Yeah. I know they allowed that earlier in 2018 but not towards the end of the year.Darn I got 3 Powerwalls recently but they said you cannot apply the $ Toward a car! Otherwise I would have gotten a 3 for nearly nada! Oh well!
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Yeah. I know they allowed that earlier in 2018 but not towards the end of the year.Darn I got 3 Powerwalls recently but they said you cannot apply the $ Toward a car! Otherwise I would have gotten a 3 for nearly nada! Oh well!
What would the paper trail have in it?
This was the reply I got today from my Tesla energy AdvisorDarn I got 3 Powerwalls recently but they said you cannot apply the $ Toward a car! Otherwise I would have gotten a 3 for nearly nada! Oh well!
So then the onus to report the income to the IRS falls on the seller too. This makes sense then.Simply a deposited check, and then of course you have the powerwall in hand. "Look IRS auditor, this is what I bought with that".
Emails with the seller, etc. of course would help your case, but my CPA is excellent, and he thought this was pretty cut, dry, and bland.
Not sure, I can askAs a total aside, are these transferable to Canada?
A powerwall is expensive here, this would save some bucks if so.
I hope the Next Gen Roadster awards aren't this complicated to sell!
If award winners are having to facing all these complications with the PW2, its going be a nightmare trying to sell those Roadster awards. Some award winners might not be able to afford the taxes (1099) on those cars. With each Roadster valued at $250,000, income taxes will be minimum of 24% federal taxes ($60,000) and whatever state taxes they owe based on state. This isn't even taking in to account sales tax, DMV registration fees amd documentation fees.I hope the Next Gen Roadster awards aren't this complicated to sell!
If award winners are having to facing all these complications with the PW2, its going be a nightmare trying to sell those Roadster awards. Some award winners might not be able to afford the taxes (1099) on those cars. With each Roadster valued at $250,000, income taxes will be minimum of 24% federal taxes ($60,000) and whatever state taxes they owe based on state. This isn't even taking in to account sales tax, DMV registration fees amd documentation fees.
Oh boy, some award winners are in for a surprise.
I wouldn't be surprised if it follows the same method - 1099 follows to whoever titles the car.
Simply a deposited check, and then of course you have the powerwall in hand. "Look IRS auditor, this is what I bought with that".
Emails with the seller, etc. of course would help your case, but my CPA is excellent, and he thought this was pretty cut, dry, and bland.