where do you put the pellet stove cost on the form 5695 to receive the 26% credit?
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Biomass... -
And it's 30% not 26%..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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Did the $2,000 limit get removed when the credit went to 30%? Which of the many tax laws did that?Comment
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Always cite your source for support to defend your opinionComment
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Thank you. I wouldn't have gone to the Hearth, Patio & Barbeque Association for tax advice, but they were clearer than the IRS IR and FAQs and even linked to the IRS. More than one IRS article dated December 2022 didn't state whether it was covering the 2022 tax year or in advance for 2023. In contrast, all the IRS articles stated the $2,000 limit. But I had one client and one preparer tell me the full 30% credit without limit could be taken on the 2022 return, so I was doubting my ability to interpret what I was reading. The HPBA was surprisingly helpful.Comment
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