- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
one of the conditions for getting the credit is that you do not purchase it for resale. there is nothing mentioned about purchasing a vehicle and then making a gift of it. but then considering the cost you would have to file a gift tax return which Turbotax does not do. also consider the cost of shipping it cross country or her coming to NY to drive it back. then there is license and registration issues.
‎August 25, 2023
7:42 PM