Quote:
Originally Posted by mtberman
IRS publication 17 (chapter 37) now includes language that you must recapture the credit if the vehicle no longer qualifies. Not sure but it seems safe to assume that no longer owning a vehicle means it no longer qualifies. It's possible, but not likely, that the ownership transfer to the insurance company could have included the required tax disclosure described on form 8910. .....
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Be careful how you read these things. A vehicle that is no longer a qualifying hybrid (i.e. a hybrid modified for racing) is not the same as an original purchaser that is no longer in possession of the vehicle.