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$1800 Diesel Tax Credit (TurboTax problem) $1800 Diesel Tax Credit (TurboTax problem)
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Old 01-30-2010, 11:00 AM
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Originally Posted by Tangfish View Post
I showed my CPA this page and he pointed out that it's for businesses, not individuals. I think we're still waiting to hear the verdict from the IRS for individuals.
Just call IRS they are nice people. Won't charge a dime to tell you that it's available for personal as well as business use.
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Old 01-28-2010, 12:51 PM
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Turbotax updated the software overnight. Problem solved as they now allow for a 2010 option.
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Old 01-28-2010, 03:24 PM
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Originally Posted by X5dieselfan View Post
Turbotax updated the software overnight. Problem solved as they now allow for a 2010 option.
Sweet, thanks!!! We used TT this year (again - 5 or so years in a row now, love it!) and we completed everything last week. We were just waiting on this update. Thanks for the heads up!
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Old 01-30-2010, 08:30 AM
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You need to find a new CPA !!! He knows not of what he speaks !!!
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Old 01-30-2010, 10:00 AM
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You need to find a new CPA !!! He knows not of what he speaks !!!
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Old 01-30-2010, 02:46 PM
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Originally Posted by Diesel Guy View Post
You need to find a new CPA !!! He knows not of what he speaks !!!
Well, you have to admit that it's not the clearest thing to have the tax credit listed in the "Business" section of the IRS site, regardless of whether or not it applies to individuals & businesses or not.
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Old 01-30-2010, 06:03 PM
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Well, you have to admit that it's not the clearest thing to have the tax credit listed in the "Business" section of the IRS site, regardless of whether or not it applies to individuals & businesses or not.

True... but my expectations of a tax CPA is that he will know the tax law better than laypeople on internet message boards.
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Old 01-31-2010, 03:39 PM
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I went over form 8910 again to verify the personal use issue. It clearly says that the credit applies to business use and personal use. The catch is that this form is old. Last year, AMT messed up this credit for personal use. The 2009 form appears to have removed that condition (as stated by Penguin several posts earlier.) The 2009 form can be found in Turbo Tax (not yet posted on irs.gov.) I see the full credit with no regard to AMT for personal use.
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Old 02-01-2010, 12:38 PM
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We finished our taxes this past weekend (TurboTax). We got our credit, along with the sales tax deduction (on up to $49.5k of the price)!
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*2010 X5d - Space Gray/Black Nevada/Dark Bamboo|ZPP|ZAP|ZCW|ZTP|ZRC|322|328|386|4NC|4UB|655 |6FL
~Ordered 8/27; Production began 9/28 at 12:20pm; Completed 10/7; Delivered 11/4!~
*2008 535i Black/Black - Dinan Exhaust & S2 Software
*1995 318ti Clubsport - Hellrot Red (autocross/fun car!)
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