Thread: IRS Recaptures Rules Tax Credit When You Sell/Trade your Hybrid?
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Old 05-05-2007, 11:03 AM
a069024 a069024 is offline
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Location: Albuquerque, NM
Hybrids: 2006 Mercury Mariner
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Default IRS Recaptures Rules Tax Credit When You Sell/Trade your Hybrid?
I'm thinking about trading my 2006 Mariner for the new 2008 model. Are the any limitations on how long you must own a hybrid vehicle before you can sell or trade it? I've owned it for just under one year and claimed the tax credit on my 2006 taxes. If I buy a new 2008 and trade my 2006 will the tax credit I claimed by subject to recapture? Or will the tax credit on the new 2008 be limited?
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