You can buy and flip, but you can't take thr tax credit. Doubtful you would even breakeven.
Correct.If he takes delivery of the new truck and 2 hours after he is off the lot decides he hates it. I am sure the IRS would have a hell of a time proving he bought it with the intent to sell it.
Err well unless they read this forum then he is going to get a royal IRS reaming.
HahhhhhhhhhaaaaaaaaaIf he takes delivery of the new truck and 2 hours after he is off the lot decides he hates it. I am sure the IRS would have a hell of a time proving he bought it with the intent to sell it.
Err well unless they read this forum then he is going to get a royal IRS reaming.
If you have a sucker, I mean buyer, willing to pay you $98k for a used Lariat that they can't claim the tax credit on, hurry up and sell it to them before they come to their senses. Then buy the "23.Thanks for the input, I think I was blinded by the fact I like the color I originally ordered more than what I have now lol
Theoretically though, if I’m getting an 88k truck for 80k, not applying for tax credits or anything, and I have a buyer lined up for 98k, and I pay all the appropriate taxes, why would it be a problem?