Thanks to all who replied to my request for help.

Mike

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skier wrote:

- quote -

Don't despair: there seems to be a mistake in the test
answers.

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skier <mebarnes65[at]yahoo.com> wrote:

- quote -

Installation bought at time of purchase and not a separate
fee for on site preparation, is part of the cost to which
the 10% applies. If I recall the official answer it was 10%
of the installation as well.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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skier wrote:

- quote -

In IRS Notice 2006-26, you will find the guidance for both
the Qualified Energy Efficiency Improvements Credit and the
Residential Energy Property Credit. The door in question
falls into the first category and is categorized as an
Eligible Building Envelope Component. As such, the notice
states:

..06 Installation Costs. With respect to Eligible Building
Envelope Components, the credit is allowed only for amounts
paid or incurred to purchase the components. The credit is
not allowed for amounts paid or incurred for the onsite
preparation, assembly, or original installation of the
components.

Items that qualify for the Residential Energy Property
Credit (second category above) can include the installation
cost.

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I passed the online test for basic and intermediate. I missed
a couple, and it would be nice if they would give the correct
answers on those you miss. I know my mistake on one, but do
not understand the second. It has to do with residential
energy credit. The subject purchased an exterior door for $700
and the cost of installation was $300. I could not find any
mention in the information I have if labor could be included
in the cost. I said the rebate should be 10% of $1000 which
was wrong. Is the labor cost not included?

Mike

Moderator:
Either that or the door does not qualify.

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caj11[at]my-deja.com wrote:
- quote -

I live in NM but am hoping to find someone or more who would
like to work together through email.

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- quote -

I recently taught the combined VITA/AARP instructors class
for the Central Ohio area, and can help if you get bogged
down, but will probably not give out answers.

__
Art Kamlet ArtKamlet [at] AOL.com Columbus OH K2PZH

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skier wrote:

- quote -

What city are you located in?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I am currently taking the VITA/TCE training to prepare for
the tax season through AARP. I would like to contact others
taking the training who might be interested in assisting
each other with studying.

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