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Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Mon Aug 09, 2021 7:59 am
by danrjones
Not sure what state the OP is in, but he also said STATE credit. Last I checked, in CA, they require you to own the vehicle for 2.5 years or you have to repay the rebate. Do they actually enforce that rule? No idea.

Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Mon Aug 09, 2021 3:18 pm
by voltamps
danrjones wrote: Mon Aug 09, 2021 7:59 am Not sure what state the OP is in, but he also said STATE credit. Last I checked, in CA, they require you to own the vehicle for 2.5 years or you have to repay the rebate. Do they actually enforce that rule? No idea.
Great point. I'm checking Colorado state law on that. Interesting California has the repay clause, hope Californians read this, as many have bought the Tesla Model 3 when it first came out and pocketed a profit as soon as they got it practically.

You're Ridgecrest, cool. Lived in Palmdale 21 years ago, knew some China Lake Navy technicians that came down to Edwards AFB & Palmdale too to work Lockheed programs with me. A Leaf is perfect for those commutes to the local base up there!

Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Tue Aug 10, 2021 8:16 am
by danrjones
voltamps wrote: Mon Aug 09, 2021 3:18 pm
danrjones wrote: Mon Aug 09, 2021 7:59 am Not sure what state the OP is in, but he also said STATE credit. Last I checked, in CA, they require you to own the vehicle for 2.5 years or you have to repay the rebate. Do they actually enforce that rule? No idea.
Great point. I'm checking Colorado state law on that. Interesting California has the repay clause, hope Californians read this, as many have bought the Tesla Model 3 when it first came out and pocketed a profit as soon as they got it practically.

You're Ridgecrest, cool. Lived in Palmdale 21 years ago, knew some China Lake Navy technicians that came down to Edwards AFB & Palmdale too to work Lockheed programs with me. A Leaf is perfect for those commutes to the local base up there!
This generation of the Leaf seems to be holding up acceptably well here in the heat, so far. But when I first got it I saw stories on here of one of the very early Leaf adopters, also who lived here, and his story did not end well. The heat cooked his early Leaf to the point he had to get rid of it (at a big loss) because he couldn't make his commute anymore. I have a coworker who drives a Bolt between Palmdale and Ridgecrest every day. So times are changing, but there are always growing pains.

Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Tue Jan 11, 2022 4:37 pm
by BeyondBeLeaf
Triggerhappy007 wrote: Thu Jul 22, 2021 7:44 am Don't worry, you're fine. The IRS won't come after you for that.

I understand this is what Wesley Snipes' accountant said to him.

Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Tue Jan 11, 2022 6:59 pm
by Triggerhappy007
BeyondBeLeaf wrote: Tue Jan 11, 2022 4:37 pm
Triggerhappy007 wrote: Thu Jul 22, 2021 7:44 am Don't worry, you're fine. The IRS won't come after you for that.

I understand this is what Wesley Snipes' accountant said to him.
We're better than his accountant, we're people on the internet.

Re: Paying Back the Fed $7500 Tax Credit if Selling a Leaf?

Posted: Wed Jan 12, 2022 5:21 am
by gcrouse
https://www.google.com/amp/s/www.forbes ... heats/amp/

I think the bit issue ended up being with blatant fraud prior to VIN number request and confused people who leased the cars trying to claim the credit - not so much a bona fide purchase where you decide to sell later for the federal tax credit.