Valdemar
Well-known member
RonDawg said:Valdemar said:Interesting, I'm obviously not an expert but based on my reading about this subject I was under the impression than Al wiring was pretty much phased out by the end of the 70's. The good news is that your wiring is almost likely done with a 8000 series alloy which is said to be less susceptible to problems attributed to aluminum wiring than the older 1350 wiring used prior to circa 1972.
I was shocked to find out too that AL wiring was even approved, much less still in use, in 1981. I know in the mid 70's there were already many concerns about it.
As for the EVSE tax credit, double check you can claim it. If you pay AMT there is a good chance you cannot.
My tax liability for the last several years has exceeded the $7500 Federal credit for EVs, so I should not have any issues with this credit. I leased and did not buy so I don't expect running into AMT issues.
The EVSE credit is more complicated than the $7500 credit for EVs. I don't see how leasing can have anything to do with AMT which usually kicks in if you are in a higher tax bracket or in some other situations, such as exercising but not selling ISO stock options. If you did your 2012 taxes yourself with, say, Turbo Tax, you can check if you could claim the credit last year, if you could and your financial situation didn't change significantly this year you likely can claim it. I thought I could, but it turned out I was wrong.