Re: [RE-wrenches] the federal tax credit this year

2015-12-19 Thread Michael Welch
Hi gang. A reminder that this is not the best place to find answers to your tax-related and policy questions. Risky business. The RE-Markets list has some solid policy folks that hang out there, in addition to Wrenches. That said, it does seem quite clear that the system would have to be placed i

Re: [RE-wrenches] Outback OpticsRe

2015-12-19 Thread Lou Russo
I installed the most recent firmware (2079) on my 2 - Classic 200s, which allows use of the new my midnite website (www.mymidnite2.com). The biggest change is the addition of the WizBangJr data. Which is a great addition and has been working well for the past 14 hrs. Also more detailed reporting of

Re: [RE-wrenches] the federal tax credit this year

2015-12-19 Thread Ray Walters
I heard Congress just approved the extension of the 30% tax credit beyond 2016. Supposedly the rule changed to "begin construction" from "put into service", but I don't think that takes effect till 2017. Definitely want a tax pro to look the whole thing over, especially in light of the new ru

Re: [RE-wrenches] the federal tax credit this year

2015-12-19 Thread Gary Willett
KIRK: My interpretation is that the tax credit for the situation you described would need to be claimed on the owner's 2016 tax return (filed in 2017). This advice is worth what you paid for it. I recommend that you tell your customer to query his tax profes

[RE-wrenches] the federal tax credit this year

2015-12-19 Thread Kirk Herander
Hello, We may have discussed this earlier. I have a system in progress and the owner wants to take the tax credit in 2015. Trouble is I may not get it commissioned until the first week in January. What is the actual wording of the tax law? Is there any wiggle room to take the credit in 2015 if no