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Originally Posted by Mitaka
Everybody is asking me "did you get the tax credit" "how much" etc. i have no idea what the tax advantage for me is. i am leasing a 2005 HAH. could someone help me out here since I am about to talk to my tax person this weekend.  |
Hi;
Don't Quote me on this, but I don't think that you can Honestly take the Tax credit or I should say for 2005 HAH it would be a Tax Deduction.
Reason you are not purchasing the vehicle you are {LEASING} the vehicle and then returning it to the lease company.
The Tax deduction and or tax credit is for A [NEW-OWNER-PURCHASING} the Vehicle not Leasing it.
Please, keep in mind that I am not a Tax Attorney or the IRS so if you want to find out for sure I would call the IRS local Office and ask them if that Tax-Deduction Applies to a Lease Vehicle. Better-Safe-Than-SORRY.
Don't, Guess with the IRS, They Have NO-SENSE of Humor:
Good-Luck;
Terry