CTD qualifies as one time alternative fuel tax credit? - Dodge Diesel

02-10-2003, 08:03 PM

So -- can anyone nail down this rumor? That the Feds regard a diesel truck as an "alternative fuels" vehicle, and the purchase of a CTD qualifies you for a one time tax-credit with the IRS? ($500 has been mentioned.)

What about the states? (Virginia doesn't consider diesel as an "alternative fuel" -- that's been mentioned.)

A lot of people would like to know more. I sure would. ;D

GP

phox_mulder · 02-10-2003, 08:13 PM

And, if you didn't take the deduction when you first bought the vehicle, can you now take it? phox

Shovelhead · 02-10-2003, 08:25 PM

And when the IRS catches me, can I pick my cellmate? Like maybe that "Dude you're gettin' a Dell guy"

.

NAIL BENDER · 02-10-2003, 09:30 PM

Maybe you should just try to write your truck off as one of your dependants. ;D

DEZLPWR · 02-10-2003, 09:43 PM

Speaking of the IRS, I just received a notice in the mail that I am one of the "lucky" ones that will be audited for the 2001 tax year... :'( :'( :'( :'( And I didn't even claim my Cummins as a dependant! [undecided] >

>

Those bastards! >

>

NAIL BENDER · 02-10-2003, 09:52 PM

I'm sorry to hear that Steve, maybe you should have written your truck as a dependent.

While you are at your audit, ask tax man about alternate fuel vehicle rumor.

MnTom · 02-10-2003, 09:57 PM

I just saw a headline that said the "Dell Dude" was busted for pot!!!

. Maybe your wish will come true!

Dieseldude4x4 · 02-10-2003, 10:25 PM

[quote author=Gear Poet link=board=8;threadid=10817;start=0#103138 date=1044928986] So -- can anyone nail down this rumor? That the Feds regard a diesel truck as an "alternative fuels" vehicle, and the purchase of a CTD qualifies you for a one time tax-credit with the IRS? ($500 has been mentioned.) What about the states? (Virginia doesn't consider diesel as an "alternative fuel" -- that's been mentioned.) A lot of people would like to know more. I sure would. ;D GP [/quote] Virginia may not consider it an alternative fueled vehicle but the IRS does or at least did when I bought my 89. I got somewhere around $300 to $500 back and got the tax records ot show it (somewhere). Can't remember if I did it on my 99 or not. You need to ask the tax people. I used Turbo tax that year and it spefically asked about it.

thatguy · 02-17-2003, 06:51 PM

I asked a tax preparer that I know about this credit for alternative fuel for the IRS.. She was aware of a some sort of credit (her ex got to take it for a isuzu diesel pickup in mid '80's), but a little research in the master tax guide found that you can take a credit if you use the truck for the following: Sec 1379 - Credit for . . special fuels:* may be taken where the fuel item is used for farming, nonhighway trade or business, buses, certain nontaxable purposes. The Alternative Fuels Credit - Sec 1319 -- tax credit is allowed for domestic production of fuels derived from nonconventional sources that are sold to unrelated persons. So it appears that us non-business types are not eligible for this credit.. But you know how huge the tax laws are, personal use may be in there someplace.. Any one got any ideas??

02-10-2003, 08:13 PM	#2
phox_mulder Administrator Join Date: May 2002 Location: Sandy, Utah Posts: 6,530 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? And, if you didn't take the deduction when you first bought the vehicle, can you now take it?<br><br><br>phox __________________ 2002.5 Dodge Ram 2500 4X4 SOLD 2009 Jeep Wrangler Unlimited X 4x4. Detonator Yellow in color Bone stock for now, at least for a couple months 2008 Harley Davidson FLHR Road King. Black Pearl in color 12 inch apes, stainless cables, Vance & Hines pipes, garage door opener, combo speedo/tach

02-10-2003, 08:25 PM	#3
Shovelhead Administrator / Scooter Bum Join Date: Sep 2002 Location: Northern VA Posts: 8,933 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? And when the IRS catches me, can I pick my cellmate? <br><br>Like maybe that "Dude you're gettin' a Dell guy" . __________________ Ed Anderson '99 3500 SPORT Black Totaled 8-16-2012 Now 2012 Ram 1500 Quad Cab 5.7 Hemi Powered DTR Site Moderator If you find yourself in a fair fight, your tactics suck.

02-10-2003, 09:30 PM	#4
NAIL BENDER Registered User Join Date: Jan 2003 Location: Graham, Washington Posts: 138 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? Maybe you should just try to write your truck off as one of your dependants. ;D __________________ 99, WHITE SPORT, QC, 2500, ETC, 4X4, AUTO, 285's, 4:10, EZ, AUTO METER PYRO, BOOST & MECH. FUEL PRESSURE, SCOTTY II, RANCHO 9000X, AMSOIL THROUGHOUT, BEDSLIDE, BIG K CUSTOM LUMBER RACK. Rips 4" soundin gooooooooood HeberRam Glock mount KDP SLAIN "1/18/03 MEMBER OF THE [shadow=white,2,300]"VANILLA TRUCK CROWD"[/shadow]

02-10-2003, 09:43 PM	#5
DEZLPWR Registered User Join Date: Jan 2003 Location: Gig Harbor, WA Posts: 110 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? Speaking of the IRS, I just received a notice in the mail that I am one of the "lucky" ones that will be audited for the 2001 tax year... :'( :'( :'( :'( <br>And I didn't even claim my Cummins as a dependant! [undecided] > > > <br><br>Those bastards! > > > __________________ 517hp '99 White QC 4x4, LB, 35" BFG A/T's. 5 sp Loaded w/leather, spray-on bed liner. PE Drag Comp, Don M Mach 3.4 EDM's, PDR HX-40 w/16cm, SBC OFE, Jardine 4" exhaust, fastcoolers, Scotty II, dual lift pumps & upgraded Aeroquip lines,(tank to VP44) Mag-Hytec Diff covers, Abbott ERA, Westach 30 psi Fuel Pressure Gauge, Isspro EVA EGT & Boost guages on pillar, PS Intake Heater System Saver. KDP Slain 1/18/03 WADTR #10 Member **Vanilla Truck Cro

02-10-2003, 09:52 PM	#6
NAIL BENDER Registered User Join Date: Jan 2003 Location: Graham, Washington Posts: 138 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? I'm sorry to hear that Steve, maybe you should have written your truck as a dependent. While you are at your audit, ask tax man about alternate fuel vehicle rumor.

02-10-2003, 09:57 PM	#7
MnTom Registered User Join Date: Nov 2002 Location: outside of Duluth MN Posts: 1,234 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? I just saw a headline that said the "Dell Dude" was busted for pot!!! . Maybe your wish will come true! __________________ SUPPORT OUR TROOPS '96 Ram 2500 2wd auto, EGT, boost, & tranny temp gauges, timing at 16.5*,BHAF, #8 fuel plate slid 3/4 forward, AFC 3/4 forward too, Piers upgraded turbo, kdp tab fixed, Goerend Tranny, 15" long glass packmuffler, set up for 24' '06 Dutchmen 5th wheel and 16' boat behind 299HP 678TQ -U/A local 11-

02-10-2003, 10:25 PM	#8
Dieseldude4x4 Administrator Join Date: Sep 2002 Location: Claremont, Virginia Posts: 3,401 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? [quote author=Gear Poet link=board=8;threadid=10817;start=0#103138 date=1044928986]<br>So -- can anyone nail down this rumor? That the Feds regard a diesel truck as an "alternative fuels" vehicle, and the purchase of a CTD qualifies you for a one time tax-credit with the IRS? ($500 has been mentioned.) <br><br>What about the states? (Virginia doesn't consider diesel as an "alternative fuel" -- that's been mentioned.)<br><br>A lot of people would like to know more. I sure would. ;D<br><br>GP<br>[/quote]<br><br>Virginia may not consider it an alternative fueled vehicle but the IRS does or at least did when I bought my 89. I got somewhere around $300 to $500 back and got the tax records ot show it (somewhere).<br><br>Can't remember if I did it on my 99 or not. You need to ask the tax people. I used Turbo tax that year and it spefically asked about it. __________________ 99 3500 QC 4x4 five speed, 81 Dodge 150 with the leaning tower of power (slant 6), 2010 Mustang GT Premium (five speed baby) 2010 HD Road King Classic Board of Officers NCDTR #1 / President Virginia DTR Chapter #7 / DTR administrator CLICK HERE to get a copy of the DTR Membership form and join our local Virginia chapter. IT'S FREE!! Just print it out,,,, fill it out,,, and PM me for the address to mail it to!

02-17-2003, 06:51 PM	#9
thatguy Registered User Join Date: May 2002 Location: Lynchburg, VA Posts: 112 My Photo Gallery My Classified Ads	Re:CTD qualifies as one time alternative fuel tax credit? I asked a tax preparer that I know about this credit for alternative fuel for the IRS..<br><br>She was aware of a some sort of credit (her ex got to take it for a isuzu diesel pickup in mid '80's), but a little research in the master tax guide found that you can take a credit if you use the truck for the following:<br><br>Sec 1379 - Credit for . . special fuels:* may be taken where the fuel item is used for farming, nonhighway trade or business, buses, certain nontaxable purposes.<br><br>The Alternative Fuels Credit - Sec 1319 -- tax credit is allowed for domestic production of fuels derived from nonconventional sources that are sold to unrelated persons.<br><br>So it appears that us non-business types are not eligible for this credit.. But you know how huge the tax laws are, personal use may be in there someplace..<br><br>Any one got any ideas??<br> __________________ 2002, 2500 Quad Cab SLT, 24V CTD, Lt. Almond, 4x4, SWB, A/T, 3.55 w/ Ltd slip, Ameriguard spray in bedliner, Stainless Go Rhino wheel to wheel side steps, EZ change drain plug, everything else stock. What I'm pulling: 2002 Flagstaff 823 popup and a John Deere 790 compact tractor - 4x4, FEL

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