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Old 11-13-2005, 11:58 PM
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Pravus Prime Pravus Prime is offline
Prof. of Hybridology
 
Real Name: Rich
Location: Michigan
Hybrids: 2006 Ford Escape 4WD
Posts: 1,979
Default Re: seeking advice on selling a hybrid

Quote:
Originally Posted by intrepid
Finally, if I sell my car in the same year that I bought it, I assume I will still get the tax deduction? Otherwise I might be able to wait until January.

I can't answer many of the other questions, from lack of experience to not having enough info and not wanting to give you bad advice. But this one, I can answer without hesitation. No. You can't buy and sell the car and get the deduction. The IRS website is extremely clear on this.

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