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.
IANAL (I am not a lawyer)Anybody know the IRS fine print on the tax credit, I'm thinking about selling my current Model S that was delivered on July 30th of this year and ordering a new one. The new one wouldn't be delivered until January of 2014. Would the short holding time (or anything else) bar me from getting a second tax credit?
If I can't have a second tax credit I'm going to keep my current Model S.
Thanks in advance! :smile:
Obviously consult your CPA.
However, I was told you can file the $7500 credit even if you owned it for a day, as long as it was titled in your name.
Also, for next year you can file another credit on another car (assuming they are still available).
what are you thinking about ordering??
Anybody know the IRS fine print on the tax credit, I'm thinking about selling my current Model S that was delivered on July 30th of this year and ordering a new one. The new one wouldn't be delivered until January of 2014. Would the short holding time (or anything else) bar me from getting a second tax credit?
If I can't have a second tax credit I'm going to keep my current Model S.
Thanks in advance! :smile:
Oh I think I found the Fed recapture rules. There may also be some "give back" of the credit on federal level if ownership turned over before 3 yrs.
http://www.law.cornell.edu/cfr/text/26/1.30-1
Presumably this doesn't imply that I can never sell the vehicle. So what's the minimum duration for "not for resale" to become legally defendable?(3) The vehicle is acquired for use or lease by the taxpayer, and not for resale
Oh I plan on asking my CPA, he has the final say on anything tax related.
ETA: Not doing it for a +, I was going to order that originally but was talked out of it by sales, was also talked out of pearl white paint (easier to fix) and almost talked out of twin chargers but i got them and the HPWC anyway. That is the first time a sales person has told me NOT to order something because I would be better off (in their opinion) without it. I have to respect that.
What!!!! What salesperson talked you out of that??? What did they say to sway you away from P+? Hmmmm, not happy....
Their opinion was the numbers didn't work at an extra $6500 for use in an area that has no hills and is laid out in a grid street wise. The only place you will pull some gravity around here is the on ramp to I-75.
As as been discussed here before, it seems like the Tesla "sales" people are simply trained to reinforce whatever you appear to be leaning towards. Something along the lines of "Is the + worth it?" "You don't really need it, the P is great as it is!" and "I love the Interior Lighting Package" "Yes, it's really worth the money!"Wow, they need to go back to sales training, as you don't need to have hills to enjoy the benefits of a P+.
A lot of people probably would.I might go so far as to say I would get the + over the 21's if that was possible.
Presumably this doesn't imply that I can never sell the vehicle. So what's the minimum duration for "not for resale" to become legally defendable?
Presumably this doesn't imply that I can never sell the vehicle. So what's the minimum duration for "not for resale" to become legally defendable?
In response to earlyadopter: Are you able to claim 2 EV credits if you purchase 2 cars in one year? That would be even more indicative that you would be able to claim one in 2013 and one in 2014.
A few years ago, I had a negative tax bill (i.e., a refund for more than I paid in taxes) because of multiple kids in college and the education tax credits. Is this credit different in that it's capped at your tax liability?Correct. As long as you have at least $15,000 in tax liability in that year to offset 2 credits, and you bought and titled both cars.