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Old 10-02-2004, 01:53 AM
Michelle Vadeboncoeur
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Default Re: Is the "Clean Fuels" deduction allowed under the AMT?

Rich Carreiro <rlcarr[at]animato.arlington.ma.us> wrote in message news:<ulletlxeo.fsf[at]animato.arlington.ma.us> ...
- quote -

> I realize this is intrinsically more on topic for
> m.t.m, but given the recent thread on AMT preference
> items here, I figured I'd give it a go.
> As a Prius owner, I'm wondering if the "clean fuels" *deduction*
> (currently $1500 but about to be restored to $2000 as soon as the
> President signs HR1308 (which is on his desk)) allowed under the AMT.
> Anyone know?


How to claim the US Federal income tax deduction for a Clean Fueled
d Vehicle Property depends on which income tax form you use. The deduction
is an adjustment to your gross income (AGI).
See IRS Publication 535 "Business Expenses," chapter 12.
http://www.irs.gov/publications/p535/ch12.html

more information is here:
http://www.toyota.com/vehicles/2005/prius/tax.html

  #-1  
Old 09-29-2004, 01:42 AM
Rich Carreiro
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Posts: n/a
Default Is the "Clean Fuels" deduction allowed under the AMT?

I realize this is intrinsically more on topic for
m.t.m, but given the recent thread on AMT preference
items here, I figured I'd give it a go.

As a Prius owner, I'm wondering if the "clean fuels" *deduction*
(currently $1500 but about to be restored to $2000 as soon as the
President signs HR1308 (which is on his desk)) allowed under the AMT.
Anyone know?

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

 

Tags
allowed, amt, clean fuels, deduction
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