Nissan 370Z Forum - new car buying in 09 income tax thingy

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Nissan 370Z Forum (http://www.the370z.com/)

- Nissan 370Z General Discussions (http://www.the370z.com/nissan-370z-general-discussions/)

- - new car buying in 09 income tax thingy (http://www.the370z.com/nissan-370z-general-discussions/14373-new-car-buying-09-income-tax-thingy.html)

vipor

02-10-2010 12:14 PM

Pretty sure it's 3 years for personal taxes.

Nikon FM

02-10-2010 01:39 PM

Quote:

Originally Posted by vipor (Post 394844)

The new vehicle must be purchased on or after Feb. 17, 2009, and before Jan. 1, 2010, to qualify for the deduction. Purchases before Feb. 17, 2009, are not eligible for this special deduction.

Thanks for posting the information!........... but the quoted part bites. I too missed this by a few weeks.

BlackCherryZ

02-10-2010 02:43 PM

Quote:

Originally Posted by vipor (Post 394844)

To qualify for this deduction, the vehicle must be purchased after Feb. 16, 2009, and before Jan. 1, 2010. Taxpayers can claim this special deduction only on their 2009 tax returns to be filed next year.

i made the deal on the last wk of december, signed it on Januray 1, 2010, and got the car a wk later...........

so, technically i am not qualified for the deduction?

or can i claim it for next year..........?

JvKintheUSA

02-10-2010 05:34 PM

I did not know about the deduction discussed here - filing my taxes tomorrow. Bought a new car and a new house last year, so I'm expecting a big check from Uncle Sam in a few weeks. Thanks for sharing y'all!

alcorrea

02-10-2010 06:43 PM

I got $500 extra because of the new Z

Joseph B

02-11-2010 02:32 PM

Got mine 12/30/2009 too! Made few hundred dollar difference for taxes.

JvKintheUSA

02-11-2010 03:55 PM

I just did my taxes and deducted the sales tax - resulted in bigger IRS refund :happydance:

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