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A comment on 13 States join the IRS direct-file test after tax prep firms dropped the ball. Parent comment
The Koreans (Kia, Hyundai) found a loophole: The restrictions do not apply to commercial fleets, including vehicles leased to consumers.
So, they offer lease incentives that are structured to give you $7500 off MSRP if you buy the vehicle out of a lease after the first month.
No IRS paperwork required, and no chances of finding some other gotcha when you file your taxes.
If the law hasn’t changed by the time I buy a new EV, I’m going to insist on this, regardless of whether it is domestic made.
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The Koreans (Kia, Hyundai) found a loophole: The restrictions do not apply to commercial fleets, including vehicles leased to consumers.
So, they offer lease incentives that are structured to give you $7500 off MSRP if you buy the vehicle out of a lease after the first month.
No IRS paperwork required, and no chances of finding some other gotcha when you file your taxes.
If the law hasn’t changed by the time I buy a new EV, I’m going to insist on this, regardless of whether it is domestic made.