At the end of the year who will get the 1099 for the CARS rebate?
There is no such thing as a free lunch. The fine print on the CARS
web page does not mention who had to report the rebate as taxable
I heard one dealer, who I think was guessing, that it would come
back to the dealership and it was not clear if they in turn would
sent it on the person that received the benefit.
I assume it will be taxable income for states as well?
Something tells me the 2009 1040 will have a box for rebates
This is one the point the folks in DC do not want to talk about.