Quote:
Originally Posted by redpoint5
I've proposed the 2 ways you might take advantage of a non-refundable (must have tax liability), non-carriable(must use in that tax year) subsidy:
1. Convert enough IRA funds to a Roth that your tax liability increases up to the amount covered by the credit.
2. Have someone with enough tax liability purchase the vehicle on your behalf.
*one could also increase taxable income
|
Yes, but I've never had an IRA.
Those that I know who could do #2, I'm not comfortable asking them to buy a car for me.
I could work two full time jobs I guess, which might bring my tax liability up high enough, although I should have started that back in January as I won't have enough time for this year.
With the Colorado $5,000 incentive a Chevy Bolt could be around $15,000 after all incentives. But next year Chevy Bolt production is being cut.