Publication 535 |
2001 Tax Year |
Introduction
You are allowed a limited deduction for the cost of clean-fuel
vehicle property and clean-fuel vehicle refueling property you place
in service during the tax year. Also, you are allowed a tax credit of
10% of the cost of any qualified electric vehicle you place in service
during the tax year.
You can take the electric vehicle credit or the deduction for
clean-fuel vehicle property regardless of whether you use the vehicle
in a trade or business. However, you can take a deduction for
clean-fuel vehicle refueling property only if you use the property in
your trade or business.
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