AndyH
Well-known member
hill said:... AV needs to step it up imo...
Or not. They'll either decide they want to stay competitive or the market will make them redundant. No sweat either way as long as we can get an EVSE.
hill said:... AV needs to step it up imo...
AndyH said:hill said:... AV needs to step it up imo...
Or not. They'll either decide they want to stay competitive or the market will make them redundant. . . . . . . . . . . . snip
hill said:They've got quite a selection of bigger models too. AV needs to step it up imo.
Alternative Fuel Vehicle Refueling Property Credit said:A tax credit is allowed equal to 50% of the cost of any qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year. The cost will include certain installation costs. This credit may not exceed $50,000 for property subject to an allowance for depreciation and $2,000 for any other property. This credit is not refundable and will expire on 12/31/2010.
Yes, that's what "not refundable" means as quoted above by TimeHorse.smkettner said:And for some that may not even get the full $7500 tax credit for the car it would seem to make the credit for installing the EVSE to be effectively zero.
Maybe I am wrong.
Seems like you need to owe the tax before you will get a credit so if close, deductions should be moved to 2011 to spike 2010 tax liability.
TimeHorse said:...In other words, if you don't get your EVSE by December, it could cost you twice as much to install and you could be loosing as much as $2000 that you could have received.
I don't need specs. Any EVSE with two radio antennas sticking up out of it is not "basic" by my definition. That's a "big brother is watching" kind of unit.garygid said:Coulomb "basic, residential" model L2 EVSE that is "on sale now" ... from where?
Specs, pricing, please?
TimeHorse said:(Emphasis mine.) In other words, if you don't get your EVSE by December, it could cost you twice as much to install and you could be loosing as much as $2000 that you could have received.
MaryC said:Are you saying that in order to get the credit, the EVSE actually has to charge a vehicle to be considered "In Service" ?
evnow said:MaryC said:Are you saying that in order to get the credit, the EVSE actually has to charge a vehicle to be considered "In Service" ?
IANAL, but that is what I'd think. I guess the other interpretation would be that is should be opearational i.e. working.
EVDRIVER said:To get a FEDERAL tax credit for an EVSE it must be installed in 2010, that's it. If that is the credit you are mentioning.
qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year
evnow said:EVDRIVER said:To get a FEDERAL tax credit for an EVSE it must be installed in 2010, that's it. If that is the credit you are mentioning.
Depends on the meaning of "placed in service". As I said, IANAL, but this came up earlier. THe consensus was, it should be used in the year, not just installed.
Code:qualified alternative fuel vehicle refueling property placed in service by the taxpayer during the taxable year
evnow said:MaryC said:Are you saying that in order to get the credit, the EVSE actually has to charge a vehicle to be considered "In Service" ?
IANAL, but that is what I'd think. I guess the other interpretation would be that is should be opearational i.e. working.
Yodrak said:I wonder if the IRS computers will be programmed to check to see if there's also an EV credit being claimed when an EVSE credit is claimed? It's half a year away, but you guys who claim an EVSE credit when you don't yet have an EV please try to remember to let us know if you get an inquiry from the IRS.
Enter your email address to join: