from page 11-14 in TTB
"Credit rate. The credit rate is 30% of the cost of eligible property.
The cost of labor is included when figuring the credit. Exception:
For building envelope components, only the cost of materials
qualifies. For the nonbusiness energy property credit, the credit
is limited to a $1,500 maximum over a two-year period."
Are we as tax professionals supposed to know contractor/engineer lingo? " Exception:
For building envelope components, only the cost of materials
qualifies."
"Credit rate. The credit rate is 30% of the cost of eligible property.
The cost of labor is included when figuring the credit. Exception:
For building envelope components, only the cost of materials
qualifies. For the nonbusiness energy property credit, the credit
is limited to a $1,500 maximum over a two-year period."
Are we as tax professionals supposed to know contractor/engineer lingo? " Exception:
For building envelope components, only the cost of materials
qualifies."
Comment