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tax supprise

Discussion in 'Gen 2 Prius Main Forum' started by duanerw, Feb 21, 2006.

  1. duanerw

    duanerw senior member

    Joined:
    Feb 21, 2005
    140
    8
    0
    Location:
    lexington ky
    Vehicle:
    2013 Prius v wagon
    Model:
    Five
    I did my imcome tax last night and on my 05 i thought i would get about $500
    but it only came to $300.I traded it off jan 2 for a 06 pkg 4.I had 13,000 miles on
    the 05.next yrs tax will get an extra $3150.I found a dealer in ky that gave me my
    wife's employe discount so bottem line i payed $50 diff.
    After a few months with my 05 i quit trying to get hight mpg and just drove it
    like any other car.Found i enjoyed my 05 much more than when i tried to get hight
    mpg.
     
    #1 duanerw, Feb 21, 2006
  2. jayway

    jayway New Member

    Joined:
    Mar 2, 2005
    41
    0
    0
    Location:
    SF CA
    My tax man said that becuase I didn't hold the 05 for 3 years I will have to clain 66% of the 2000 deduction I took in 2005 on my 06 taxes.
     
    #2 jayway, Feb 21, 2006
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