Income tax deduction-where to write it in?

Bob Allen · 03-20-2005, 05:53 PM

Hi: I understand we are entitled to an income tax deduction for the 2004 Prius, if purchased in 2004. Where on the forms does this deduction go?
I couldn't find it on Schedule A. Anyone help me out?
B

starlightmica · 03-20-2005, 06:21 PM

1040, Line 35:

http://www.irs.gov/newsroom/article/0,,id=...=104549,00.html

Does anyone know if this deduction gets phased out under alternative minimum tax (AMT)? It doesn't appear so, but would appreciate if someone could confirm this.

jeepien · 03-20-2005, 06:25 PM

Individuals must use Form 1040, not one of the shorter forms, to claim this deduction. They should put "Clean-Fuel" and the deduction amount [$2,000] on the dotted line to the left of line 35, including this amount in that line's total adjustments to income. (They would have used line 33 on the 2003 Form 1040; line 34 on the 2002 form; line 32 the previous two years.)

Qualifying individuals who did not claim the deduction when they filed may claim it on an amended return (Form 1040X). Generally, taxpayers may amend returns up to three years from the original return's due date.

03-20-2005, 05:53 PM	#1
Bob Allen Captainbaba Join Date: Jan 2004 Location: Seattle, WA Posts: 1,270 My Car: 2004 Prius Model: Package: #7 Thanks: 0 Thanked 5 Times in 2 Posts Friends: 0	Income tax deduction-where to write it in? Hi: I understand we are entitled to an income tax deduction for the 2004 Prius, if purchased in 2004. Where on the forms does this deduction go? I couldn't find it on Schedule A. Anyone help me out? B

03-20-2005, 06:25 PM	#3
jeepien Join Date: Jan 2005 Location: New Jersey Posts: 165 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Individuals must use Form 1040, not one of the shorter forms, to claim this deduction. They should put "Clean-Fuel" and the deduction amount [$2,000] on the dotted line to the left of line 35, including this amount in that line's total adjustments to income. (They would have used line 33 on the 2003 Form 1040; line 34 on the 2002 form; line 32 the previous two years.) Qualifying individuals who did not claim the deduction when they filed may claim it on an amended return (Form 1040X). Generally, taxpayers may amend returns up to three years from the original return's due date. __________________ =Gary '05 Millennium Silver; BI + Wheel Locks, Fog lights, Auto-dimming mirror, CoastalEtech EV switch; Garmin StreetPilot 2610 GPS; XM Satellite Radio

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03-20-2005, 06:21 PM	#2
starlightmica Join Date: Mar 2005 Location: Vienna, VA Posts: 3 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	1040, Line 35: http://www.irs.gov/newsroom/article/0,,id=...=104549,00.html Does anyone know if this deduction gets phased out under alternative minimum tax (AMT)? It doesn't appear so, but would appreciate if someone could confirm this.