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Old 10-24-2007, 01:49 PM
nomorebenz nomorebenz is offline
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Real Name: Fred
Hybrids: 2006 Toyota Highlander 4WD
Posts: 176
Default Re: Bought Two FEH can I claim both?

Disclaimer - Don't rely on this as tax advice, talk to your tax professional in regards to your particular situation.

I am not aware of any recapture rules pertaining to Hybrids. The Secretary has reserved the right to create them however. If I were to use the same rules for Electric vehicles, a casualty loss is not a recapture event. So I would say that you can claim both.

Ironically, you may not even qualify for the available credit on the first one. To clarify, the credit is a NON-refundable credit subject to AMT.
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