genesis@ihu1e.UUCP (Russ Sehnoutka) (12/10/84)
Here is a summary of the replies that I received concerning the Residential Energy Tax Credit information that I was interested in. (This is a summary because I couldn't send mail to Tom Bohannon at Lanier R&D in Atlanta, Ga.). The energy tax credit is still the same as last year, 15% of the first $2000.00 with a maximum refund of $300.00. The house must bi your principle residence and must have been substancially completed (built) as of April 20, 1977. ------------------------------------------------------------------------ > > From: Owen M. Hartnett <ihnp4!brunix!omh> > > "Original use of such items must begin with the taxpayer, the items > must meet performance and quality standards prescribed by the IRS, > and the items must reasonable be expected to remain in operation for > at least three years..." > -CCH Federal Tax Guide, 1984 > > I haven't seen any changes in the law (any now would affect 1985 > because 1984 forms are already finalized. Note: the expenditure is > "made" when original installation is complete, not when paid for. > > This is filed on form 5695 Residential Energy Credit. > ------------------------------------------------------------------------ I just picked up J. K. Lasser's "1984 Income Tax" book this weekend, so if I read anything further on this energy tax credit, I will let everybody know. -- Russ Sehnoutka --------- AT&T Bell Laboratories ihnp4!ihu1e!genesis ------ Naperville, Illinois