Tax credit is allowed where approved items are installed "as an improvement to an existing residence". If a room is added to such residence, do these items qualify when put into the new room?
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Without looking, I don't think the credit has anything to do with "Replacement" issues. It is "installed" and meets energy saving rules.Originally posted by Burke View PostThis post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content. -
I was trying to determine whether the room addition came under the "new construction" caveat.Comment
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This post is for discussion purposes only and should be verified with other sources before actual use.
Many times I post additional info on the post, Click on "message board" for updated content.Comment
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I believe as long as it is done to an existing home it is not considered new construction so an addition does qualify. I thought I found this on the IRS Q&A but I can't seem to locate it. I'll keep looking.Comment
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IRS Notice 2009-53
The one cited above is only good until the end of 2008Believe nothing you have not personally researched and verified.Comment
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