View Single Post
  #8 (permalink)  
Old 06-07-2007, 02:15 PM
rmorrow rmorrow is offline
Pretty Darn Active Enthusiast
 
Real Name: Randy Morrow
Location: Ottawa, Canada
Hybrids: Titanium Toyota Camry w/ NAV (no energy screens)
Posts: 431
Default Re: IRS Recaptures Rules Tax Credit When You Sell/Trade your Hybrid?

Quote:
Originally Posted by a069024 View Post
I've owned it for just under one year and claimed the tax credit on my 2006 taxes.
Yikes! Do you mean in the US you have to claim it on your income taxes? In Canada it's (going to be) a form that you send in for a refund of the sales tax. That's it, that's all. The credit only applies to a new vehicle, so there's no problem when you resell later (although who would ever want to? )

.

--My hybrid came home!--
Ottawa owners check in here

Randy

Reply With Quote