Hello,
I've been searching the archives and haven't been able to find the answer to my
question so I figured I'd ask here.
Would an off-grid system installed on a hunting shack qualify for the federal
ITC? We don't have any statewide rebates in MN, so this would be their only
incentive.
Tha
I have had several offgrid clients apply for and get the Fed ITC for offfgrid
systems. You should go to dsireusa.org and read the law. As far as I can tell,
so long as your clients fulfill the rest of the requirements, IE the system is
installed on their primary residence, etc, then they should
Has to be used as a residence, but does NOT have to be the primary residence.
Dan Fink
Sent from my iPod
On Jul 27, 2013, at 9:43, Bob-O Schultze wrote:
> I have had several offgrid clients apply for and get the Fed ITC for offfgrid
> systems. You should go to dsireusa.org and read the law.
Right, I stand corrected. Still, a hunting cabin would be pushing it.
On Jul 27, 2013, at 10:23 AM, danbo...@gmail.com wrote:
Has to be used as a residence, but does NOT have to be the primary residence.
Dan Fink
Sent from my iPod
On Jul 27, 2013, at 9:43, Bob-O Schultze wrote:
> I have had
Not for SOME hunters I know! :P
Dan
Sent from my iPod
On Jul 27, 2013, at 10:31, Bob-O Schultze wrote:
> Right, I stand corrected. Still, a hunting cabin would be pushing it.
>
> On Jul 27, 2013, at 10:23 AM, danbo...@gmail.com wrote:
>
> Has to be used as a residence, but does NOT have to b
That's the thing, this thing is nicer then my house! It's used as a "home" all
of Oct, sept, and nov. for duck, grouse and deer hunting. During the summer, at
least one of the owners is there For a few days every other week. It is not
occupied in the dead of winter due to the roads not being plo
"Consult your tax advisor"...
Jesse, any advice you give your customer other than the words
above could get you into trouble. We're solar installers, not tax
advisors. I always pass the buck on this kind of question.
Allan
The customer did contact their advisor and in their situation they will qualify
according to the tax man.
Thanks,
Jesse
Sent from my iPhone
On Jul 27, 2013, at 2:20 PM, Allan Sindelar
wrote:
> "Consult your tax advisor"...
> Jesse, any advice you give your customer other than the words
I use language like: "you may be eligible; it depends on
interpretation; some people have taken the credit in this case; its not
my business what you claim on your taxes," all followed by Allan's
"check with your accountant, I'm not a licensed CPA"
I feel that its fine to mention the
Alan,
I have always defaulted to that advice also. Just last week, after I
had told a customer a 30% ITC is still available and told him to confirm that
with his tax advisor to be sure he could take full advantage of it (some folks
have to take the 30% over a couple years), he came back
So, has anyone had a customer install a ITC eligible system on a second
"residence" and claim the credit?
Jesse
Sent from my iPhone
On Jul 27, 2013, at 4:36 PM, Bob-O Schultze
wrote:
> Here is IRS Form 5695. You can hand them a copy and they can make the
> determination themselves. As All
Yes. The IRS will only examine the tax credit if they get audited.
Dan
Sent from my iPod
On Jul 27, 2013, at 14:41, Jesse Dahl wrote:
> So, has anyone had a customer install a ITC eligible system on a second
> "residence" and claim the credit?
>
> Jesse
>
>
>
> Sent from my iPhone
>
> On
Methinks you are correct on the form Bob-o; our clients bean counter must use
some clever definitions of "main"
Dan
Sent from my iPod
On Jul 27, 2013, at 14:36, Bob-O Schultze wrote:
> Here is IRS Form 5695. You can hand them a copy and they can make the
> determination themselves. As Allan
We have had at least a half dozen off grid folks with "camps" in Maine
where they stay for a couple of months every year be completely honest
with their tax person and receive the 30% federal tax incentive. Their tax
people were comfortable with the wording vs. the use of the building with
the inst
IMHO, the best tax guys are 51% honest and 49% lying, cheating crooks. Better
than the average politician.
Yep, you can get away with anything and everything until or unless you catch an
audit. Then it becomes a question of you making an "honest" mistake -in which
case you just get to pay throu
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