Hi all,
would I have to take the tax credit in the first year of ownership or would one be free to take it in any year while owning the car?
In my case I would be buying the car in Colorado register it there and pay the sales tax (2.9% where we own a home). Then export the car to Europe for a few years while we live there and then claim the tax credit when we move back to the US full time and have a tax liability in the US.
Thanks for your help
would I have to take the tax credit in the first year of ownership or would one be free to take it in any year while owning the car?
In my case I would be buying the car in Colorado register it there and pay the sales tax (2.9% where we own a home). Then export the car to Europe for a few years while we live there and then claim the tax credit when we move back to the US full time and have a tax liability in the US.
Thanks for your help