Curious.... can you get more than 1 tax credit for buying more than 1 hybrid?

I bought a HCH back in March of 06 and after 8-9 months HAD to get out of it - couldn't stand riding in a little metal box. So, on 12/29/06 I got into my TCH.

I see my tax guy in two weeks - hope he will know.

 

Yes you can. The form tells you to keep filling in a new form for every 3 cars you have and put the total on the first form.

So if you have 10 hybrid you bought last year, you would need 4 forms. It also says that you must have bought the car to place it into service, and not for resale, but never gives a minimum usage requirement before you can sell it, so I would think as long as you drove it some, then sold it as used, you can take the credit.

 

Actually if you read the 2005 Form 8910 it says "For Vehicles place in services after 2005" and line number 2 says "Enter date during 2006 vehicle was placed in service (MM/DD)" -



Pretty sure this is the form you use!

 

That is the form I will be using. I think it is a 2005 form since that is the tax year the credit was established.

 

This whole AMT confuses the heck out of me. I am goinna be pissed if I dont get a credit!