Anyone taken the 6000# vehicle tax credit?

[scz28]

Who has done this already? What is involved with "calling" your vehicle a business vehicle. If you don't know what I am refering to read these:



http://search.msn.com/results.asp?q...KED&FORM=SMCRT&v=1&cfg=SMCINITIAL&nosp=0&thr=

 

[scz28]

No one has done this? It is getting major media attention I am surprised no one has any feeling on this.

 

[jwoelfle]

I'd love to but how do you do it if you don't have your own business? Had I known about it, I would have started some kind business, at least on paper anyways. Am I correct in reading that it is only for small business owners or did I miss something?

 

[scz28]

Originally posted by jwoelfle

I'd love to but how do you do it if you don't have your own business? Had I known about it, I would have started some kind business, at least on paper anyways. Am I correct in reading that it is only for small business owners or did I miss something?

You have to say your truck is used as business vehicle but I am not exactly sure what needs to happen in order for you to write it off that way. I think you have to document mileage and say 50% is used for business but I haven't asked my CPA for the specifics to be sure.