[Rightly Biased]

Don’t you get 1099’d on the 4500 as well

I think I heard that this morning...

[nascarnation]

http://latimesblogs.latimes.com/uptospeed/2009/07/clunkers.html

The "cash for clunkers" law specifically states that the cost savings aren’t considered income for the buyer and are not subject to federal income taxes. But the situation is a less clear for dealers, who are worried that they may have to pay income tax on any money they receive under the program.