I am using a Tax accountant, but he is busy/ asking for full details to give me an answer ( I can understand) I want to make the decision before the end of the month. It was more of a quick question to see if anyone is in similar position and figured things out. We have a lot inventory cars in bay area and I am going to buy MY at some point this year, I dont need it now, but if I can take advantage of the tax rebate why now.Shouldn't you run this by your Tax Preparer??
(Unless your tax preparer is TurboTax, in which case ... why would you (@$300K+ income with K1))
I would not trust internet advice... You have seen some of the replies... people to which have NO CLUE are posting.
Regarding my income its right at 300K and Cut off is at 300 for joint filing.