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Originally Posted by cohort
I understand that the Toyota Hybrid tax break is over some time around Oct 2007.
Is there a form I need for the IRS or how does it work? I guess I will only be able to do it once, why end it in Oct? Might as well be after April 1 2007 once tax time is over or am I missing something?
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It doesn't go away it just drops to 50% starting Oct 1.
You will file for the credit with your regular income tax return you file in 2007.
For my Prius there was no special IRS form but rather a single line item on the front of the form 1040. I'll assume that might be the case this time around.
J