I posted this question in my other thread regarding another question, didn't want it to get buried, so I am posting again.
Filling out the Schedules I and J our dmi will be $600+. We only have one car because my husband has a company vehicle. We are charged monthly for his commute mileage and pay taxes on what they say the benefit of them providing the car is. If we bought another vehicle we would be at +/- $100 dmi. Does anyone know how the company car comes into play. This would give us two personal vehicles plus my husbands company car.
The car we have now is about even (owe/worth). Would assume the new (used) vehicle we purchase would be even or upside down. State exemption for vehicles is 3900. In our state you have to reaffirm cars and mortgages that you keep.
Filling out the Schedules I and J our dmi will be $600+. We only have one car because my husband has a company vehicle. We are charged monthly for his commute mileage and pay taxes on what they say the benefit of them providing the car is. If we bought another vehicle we would be at +/- $100 dmi. Does anyone know how the company car comes into play. This would give us two personal vehicles plus my husbands company car.
The car we have now is about even (owe/worth). Would assume the new (used) vehicle we purchase would be even or upside down. State exemption for vehicles is 3900. In our state you have to reaffirm cars and mortgages that you keep.
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