tell me what you think

[veritas]

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."

[BHoffman]

http://resourcecenter.pnl.gov/cocoon/morf/ResourceCenter/article/114

We are supposed to know absolutely everything. Speak truth to power. And only use your powers for good and not for evil