Help Please? If one pays and alternative minimum tax there can be NO prius tax credit?

Discussion in 'Prius Tax Credit Discussion' started by pjsluna, Mar 24, 2007.

  1. pjsluna

    pjsluna Junior Member

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    Hi All

    Seems to me that because we have to pay and alternative minimum tax that negates any Prius tax credit...can someone confirm my simple interprtation?


    When we are working with turbo tax today and it gave us no credit for the vehicle.... :unsure:


    Thanks
     
    #1 pjsluna, Mar 24, 2007
  2. pjsluna

    pjsluna Junior Member

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    <div class='quotetop'>QUOTE(pjsluna @ Mar 24 2007, 01:24 PM) [snapback]411591[/snapback]</div>

    REPLY TO SELF...sorry to waste space....other threads have covered...we do owe AMT at high enough amount that we will get no credit...

    Have a nice day :)
     
    #2 pjsluna, Mar 24, 2007
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