Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
September 2006


Word Count:
188

 

 

1031 Exchange of SUV for Hybrid Car


In 2003, I bought a Toyota Land Cruiser with a gross vehicle weight rating (GVWR) greater than 6,000 pounds and wrote off the entire $52,000 cost. I could sell the vehicle today for about $30,000, but I will have to pay recapture taxes on the $30,000. Hence, my question: If I trade the Land Cruiser for a hybrid passenger car with a cost of $30,000 or more, do I avoid the recapture tax on the Land Cruiser? ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS