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QUESTION DETAIL
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My question has to do with the new car tax deduction the government was giving when you purchased a new car in 2009. I went to an Audi dealership in December 2009 to purchase a vehicle. The dealership did not have the car I wanted in stock so I was told
ANSWER
The BIDaWIZ Team's Answer:
See IRC 164(a)(6) & (b)(6), per the American Recovery and
Reinvestment Act of 2009. To be eligible, for the deduction,
you must purchase the new vehicle by 12/31/09. So, if you signed
the purchase contract, by 12/31/09, you have satisfied this eligibility
provision.
