Will my SE still quality for tax credit

I just had to replace the ignition coils and spark plugs on my 2014 S Clubman (R55) with 120,000 miles on it. Not a cheap repair, but simple. And it's running great. Although it's a cruel repair considering I use the SE as my daily driver. I wish I could get an EV replacement, which is why I'm interested in the Aceman.

 

I think if they soften the front end a bit and get rid of most of the gimmicky gewgaws I’d also consider it as my “bigger” car. But I suspect they aren’t marketing it to me at all, and much of that shiny crap is software-based, cheap for them to add, and will be marked up a TON (with a BMW subscription required), so… maybe not.

 

Rexsio: There are many different types of people who read this forum, many of who would find that image/message highly offensive and in bad taste. Please think before you post material or comments that could be considered objectionable.

 

Sorry I fought was funny I remove a post !

 

You so much worry about drive train issues once you drive to often what about as car is 16 years old to be worry about rubber brake lines which can collapse internally as rubber becomes aged and deteriorates from WITHIN is advisable to change them at least after 10 years the most or 100000 miles .your SS lines are good for 20 years but they can clog from debris too.The brake lines are the most forgettable maintenance on older cars bc they can work to the last moment when you loose them in the worse scenario if you don’t change them in right time.Did you ever change a brake fluid at all bc mostly peoples don’t.Bc I own many old cars I advise to anyone to read this.I post a picture how they looks from inside like a clog arteries.When you replace them cut in 1/2 to see it.

 

Buy now for $ 35000 base model he wait to long and next year he will pay $40000 if he still hesitated bc China SE never get here which will be to expensive for USA market

 

Can you elaborate on this thought? Speaking as someone who has been doing the Backdoor Roth IRA thing for a few years, I’m not aware of whatever pitfalls you’re alluding to here.

 

If the new Aceman is any indication of the new design of the Mini... it's a VERY modern interpretation of the Mini. Personally, I'm not a big fan.

 

I love the Aceman.. except not a fan of the wheel arches. However, my love is based on it being a new type of Countryman. The shots of the camouflaged next gen 2 door hardtop make me feel that it won't have the Aceman type exterior.

The minimalist interior on the other hand.. with that round center display, looks like it will be in the 2 door as well, which personally i'm a fan of.

 

It's not a pitfall for the taxpayer, it's a pitfall for the IRS and Federal Treasury.

On a Backdoor Roth IRA, there is a slight contradiction of the first-step binding agreement (to take on further steps) because it requires an initial traditional IRA contribution (not binding to Roth IRA conversion). Should the taxpayer have been motivated to combine the $7,500 transition tax credit to offset the conversion taxes, then IRS would have to attack it with judicially created substance-over-form doctrines.

What gets interesting is if the IRS tries to separate the conversion and EV transition credit with a binding commitment (1 binding for EV, 1 binding for Backdoor Roth), then pre-IRA bill tax returns would also be in question. Nobody had their auto dealership sign a written binding agreement in 2020/2019/2018 to undertake a backdoor Roth IRA conversion and if the IRS chooses a different method, then the entire binding agreement requirement is thrown out the window.

 

Will all due respect, Rexsio, I asked the question leading to his explanation. Whether 99% of the members feel the same as you isn’t the point.

 

Is a cheapest EV on USA market for beginners to try convert to EV cars was the best deal with $30000 once a rebate is gone is not good deal anymore and a price went up 5K for a base that was my point and China SE will be $40000 to start with base

 

I remove a post

 

your 2020 SE can run for next 40000 miles what is a reason you try to replace? In next 4-5 years your range could be 3% lower why to spend extra money .

 

My I 3 after 7 years battery 60 amph SE 94 amph was still doing 75 miles of 84 miles as factory range

 

100k miles isn't that much for a car to do anymore. My 2015 S has 146k miles on it, and has been largely trouble-free; I'm sure it'll get to 200k easily. I don't want to give it up, if I'm honest, but I can't justify keeping both once my SE arrives.

 

I'm naively wondering whether letters to Congresspersons and Senators would be of any help. I'm awaiting an SE, which started body construction today, and will most likely go through with the purchase and hope for resolution by tax time.

 

I totally understand how you feel, as my order is scheduled for production in about a week. Since the bill was signed and approved by the senate, house, and POTUS, I think you are at the mercy of the IRS and their interpretation of what a contract is in your state. I don't believe a letter to anyone is going to change what has already happened.

However, what I plan to do is keep very good records of all of my interactions with my sales adviser. My situation is easy to justify since I had paid a $750 non-refundable deposit back in June in addition to the $250 refundable deposit. I also have a signed agreement that explains that the deposit was to be used as a down payment for the purchase of a specific mini model. Your situation may be completely different, but if you plan to take the tax credit on your 2022 taxes, you need to clearly document everything so you can submit it to the IRS if/when you are audited. You should also keep that $7500 somewhere handy just in case you need to return it. I am willing to take my chances.

 

If you're not going to line their pockets, to get your plea noticed you'll need to promise the lawmakers either more votes or favorable publicity. Perhaps you can float the claim there are millions of single-issue voters who placed EV orders before Biden signed the IRA. Don't mention that the old federal EV tax credit benefitted mostly the buyers of foreign vehicles.

 

Now up to 25.