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| Harlan Lunsford wrote: - quote - > Home Computer wrote:
And, you're right -- there's no help for split systems, etc., and the> > In 2007, we updated our failing air conditioning system (spit system). > > Our home is two levels with two zones. In other words, we have two > > independent units, one for down stairs and one for upstairs. Do I > > claim each individually or combined? I am up against the maximum > > allowed which seems not to credit me for the second unit. > > You "claim" nothing, unless there is a heat pump somewhere in the works > and one that qualifies for the credit. Best reference for you is to > see instructiosn for form 5695. credit even if allowed for your new system tends to be nothing close to the cost differential required to qualify. All in all, it's a minimal benefit every time I've evaluated it--that is, not nearly big enough to make it any factor at all in a decision. -- -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| Home Computer wrote: - quote - > In 2007, we updated our failing air conditioning system (spit system).
You "claim" nothing, unless there is a heat pump somewhere in the works> Our home is two levels with two zones. In other words, we have two > independent units, one for down stairs and one for upstairs. Do I claim > each individually or combined? I am up against the maximum allowed which > seems not to credit me for the second unit. and one that qualifies for the credit. Best reference for you is to see instructiosn for form 5695. ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| In 2007, we updated our failing air conditioning system (spit system). Our home is two levels with two zones. In other words, we have two independent units, one for down stairs and one for upstairs. Do I claim each individually or combined? I am up against the maximum allowed which seems not to credit me for the second unit. Thanks for your help. Ed -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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