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    Energy Credit 2005

    Any one!
    I have a question, is the energy credit for window ok for 2005. I have look at section 25 C and it appear “YES” but limit it to $200 credit for windows. I find the same thing in Klienrock ref and in the inst for 3468. The tax program put it on form 3468 but you must limit the amount your self. I check the entire seminar handout and no mention of any energy credit for 2005. In “The Tax Book” I find ref to 2006. If you have a minute I would like you comments on this. Am I reading it wrong?

    B.J. Matthews, EA

    #2
    Question?

    In one sentence, what is you question? The effective date? These energy credits do not kick in until the 2006 tax return. Effective date is Jan 1, 2006. Hope this helps.

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      #3
      John is correct. Code section 25C says it is effective for property placed in service after 12/31/2005. Why would your tax program do anything with it?

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