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DWCAP.
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October 26, 2009 at 9:46 AM #474427October 26, 2009 at 9:58 AM #473590
Eugene
Participanthttp://www.irs.gov/instructions/i1040/ar01.html
A $3,500 or $4,500 voucher or payment made for such a voucher under the CARS “cash for clunkers” program to buy or lease a new fuel-efficient automobile is not taxable for federal income tax purposes.
[quote]If you traded in a clunker worth $3500, you got $4500 off for an apparent “savings” of $1000. You could have gotten $3,500 if you had just traded the car in.[/quote]
That’s just too funny. At a typical dealership, you’ll be lucky to get $3500 for trading in a 5-year-old Civic.
If you were to trade in a typical clunker (say, a 1995 Ford Explorer 4WD with 120k miles on the odometer), you’d get closer to $1000.
October 26, 2009 at 9:58 AM #473767Participanthttp://www.irs.gov/instructions/i1040/ar01.html
A $3,500 or $4,500 voucher or payment made for such a voucher under the CARS “cash for clunkers” program to buy or lease a new fuel-efficient automobile is not taxable for federal income tax purposes.
[quote]If you traded in a clunker worth $3500, you got $4500 off for an apparent “savings” of $1000. You could have gotten $3,500 if you had just traded the car in.[/quote]
That’s just too funny. At a typical dealership, you’ll be lucky to get $3500 for trading in a 5-year-old Civic.
If you were to trade in a typical clunker (say, a 1995 Ford Explorer 4WD with 120k miles on the odometer), you’d get closer to $1000.
October 26, 2009 at 9:58 AM #474132Participanthttp://www.irs.gov/instructions/i1040/ar01.html
A $3,500 or $4,500 voucher or payment made for such a voucher under the CARS “cash for clunkers” program to buy or lease a new fuel-efficient automobile is not taxable for federal income tax purposes.
[quote]If you traded in a clunker worth $3500, you got $4500 off for an apparent “savings” of $1000. You could have gotten $3,500 if you had just traded the car in.[/quote]
That’s just too funny. At a typical dealership, you’ll be lucky to get $3500 for trading in a 5-year-old Civic.
If you were to trade in a typical clunker (say, a 1995 Ford Explorer 4WD with 120k miles on the odometer), you’d get closer to $1000.
October 26, 2009 at 9:58 AM #474208Participanthttp://www.irs.gov/instructions/i1040/ar01.html
A $3,500 or $4,500 voucher or payment made for such a voucher under the CARS “cash for clunkers” program to buy or lease a new fuel-efficient automobile is not taxable for federal income tax purposes.
[quote]If you traded in a clunker worth $3500, you got $4500 off for an apparent “savings” of $1000. You could have gotten $3,500 if you had just traded the car in.[/quote]
That’s just too funny. At a typical dealership, you’ll be lucky to get $3500 for trading in a 5-year-old Civic.
If you were to trade in a typical clunker (say, a 1995 Ford Explorer 4WD with 120k miles on the odometer), you’d get closer to $1000.
October 26, 2009 at 9:58 AM #474432Participanthttp://www.irs.gov/instructions/i1040/ar01.html
A $3,500 or $4,500 voucher or payment made for such a voucher under the CARS “cash for clunkers” program to buy or lease a new fuel-efficient automobile is not taxable for federal income tax purposes.
[quote]If you traded in a clunker worth $3500, you got $4500 off for an apparent “savings” of $1000. You could have gotten $3,500 if you had just traded the car in.[/quote]
That’s just too funny. At a typical dealership, you’ll be lucky to get $3500 for trading in a 5-year-old Civic.
If you were to trade in a typical clunker (say, a 1995 Ford Explorer 4WD with 120k miles on the odometer), you’d get closer to $1000.
October 26, 2009 at 11:27 AM #473633SD Realtor
ParticipantCorrect Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?
October 26, 2009 at 11:27 AM #473812ParticipantCorrect Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?
October 26, 2009 at 11:27 AM #474176ParticipantCorrect Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?
October 26, 2009 at 11:27 AM #474253ParticipantCorrect Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?
October 26, 2009 at 11:27 AM #474477ParticipantCorrect Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?
October 26, 2009 at 11:40 AM #473639Participant[quote=SD Realtor]Correct Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?[/quote]
Let’s agree to disagree about that.
October 26, 2009 at 11:40 AM #473817Participant[quote=SD Realtor]Correct Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?[/quote]
Let’s agree to disagree about that.
October 26, 2009 at 11:40 AM #474181Participant[quote=SD Realtor]Correct Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?[/quote]
Let’s agree to disagree about that.
October 26, 2009 at 11:40 AM #474258Participant[quote=SD Realtor]Correct Eugene but the part about every single American footing the bill for this POS program and others like it is true.
That is okay though, just put it on our bill…
When will people understand you cannot spend your way out of debt?[/quote]
Let’s agree to disagree about that.
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