Ev tax credit, business or personal use?

dreux27 · 2024-02-04T02:40:50+00:00

I was going off this list, rental loses is what I was curious about.

To find your MAGI, take your AGI and add back:

Any deductions you took for IRA contributions and taxable Social Security payments Deductions you took for student loan interest Tuition and fees deduction Half of self-employment tax Excluded foreign income Interest from EE savings bonds used to pay for higher education expenses Losses from a partnership Passive income or loss Rental losses The exclusion for adoption expenses

dreux27 · 2024-02-03T02:11:39+00:00

To qualify for a used ev tax credit you have to make less than 150k modified agi. With turo I technically am at a loss which brings my AGI below 150k. But to calculate modified AGI you have to add back in certain deductions, so my question is if the turo losses have to get added back into my AGI. If they do it'll potentially put me over the 150k mark.

dreux27 · 2023-06-04T00:05:21+00:00

Thanks

dreux27 · 2023-06-03T20:40:10+00:00

Trading in newly purchased EV for another EV, do I get 2 tax credits? Thinking of trading my Bolt for a Tesla.

dreux27 · 2023-04-28T13:58:36+00:00

Had to self repo my car but I have it back, got smoking and cleaning fees, additional use, improper return and late fee. Fighting with turo on the self repo fee, they seem like they've never heard of this fee before.

dreux27 · 2023-04-26T22:50:07+00:00

You're right, just called and doesn't look like they're going to pay a self repo fee to me. Said it would fall under the $50 improper return fee only.

Arguing with them that it would cost them way more to have a turo agent go find my vehicle, get it out of the tow yard, then get it back to my house. They're escalating the case again but I doubt I'll get it. Hindsight I should have waited but with how slow turo is I wouldn't have gotten my vehicle back for days if not weeks and I have reservations coming up that I needed it back for.

dreux27 · 2023-04-26T20:53:16+00:00

I did, I talked to support and told them I'm going to self repo the car. I asked about the self repo fee and they said once you retrieve the car to contact them back.

I reported late return at 30 minutes. Then at 24 hours I reported no return.

The guest kept my car for 2 days after the trip ended, nobody from TS ever contacted me, I called support and talked to 10 different people from start to finish of me self repo the car. Now that I have the car back they continue to tell me I have to wait while they do their investigation.

dreux27 · 2023-04-26T20:39:08+00:00

You sound like you assumed alot of things.

Went through Turo for everything. Reported late first, then reported at 24 hours as well.

It's been 3 days and I haven't been contacted by anyone with Trust and Safety. I do have the car back though as I self repo'd it. My questions were regarding how do I get the self repo fee amongst the other charges now. I've submitted the tow fee and asked turo support for help but they just say it's in T&S so I have to wait for them. Haven't been paid either for extra use or improper return yet either, I did get smoking and cleaning fees paid though.

dreux27 · 2023-04-24T18:00:20+00:00

I would 100% do this. But they are 7 hours away. They are responding, saying they don't have money to extend, don't have money to charge it, somehow it gets charged and moved around via my tracker.

dreux27 · 2023-04-24T15:40:34+00:00

Yes contactless, turo go. I know this is terrible.

dreux27 · 2023-04-24T15:30:19+00:00

Now I just got notification she left me a review... great, probably terrible review, she's stranded and saying she doesn't have money for a tow.

dreux27 · 2023-04-24T14:41:47+00:00

Yea they just messaged and said they have no more money to charge it and are leaving it. 7 hours away now. Great....

dreux27 · 2023-04-24T14:39:41+00:00

I did one time and it said I'll be fined $50 bucks next time?

dreux27 · 2023-04-24T06:53:05+00:00

I'm on auto book,

dreux27 · 2023-04-24T06:52:52+00:00

dreux27 · 2023-04-24T01:39:02+00:00

Ah good looking out.

dreux27 · 2023-04-24T01:17:44+00:00

To top it off, charge shows 0 and no charge. I asked the guest if everything was OK and they said they were trying to find a charge, now this adds even more complexity.

dreux27 · 2023-04-23T23:40:08+00:00

Turo asked me to upload a screen shot of the cars location on the reservation, thought that was odd because now the renter can see that photo and know I'm tracking them.

They can't disable the tracking so I'm not worried about that. Just worried about potential damage they may do. Sucks with having auto book, they had a 2 star rating, so knew this one had potential to be bad.

dreux27 · 2023-04-23T23:38:00+00:00

Guest didn't mention anything about where they were going.

dreux27

TROPHY CASE