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Energy Credits for 2006?

 

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Subject Author Date
Energy Credits for 2006? Mike 08-06-2007
Posted by Mike on August 6, 2007, 10:31 pm
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I bought two high efficiency window air condition during
2006. I thought I could deduct part of the purchase cost
using the energy credit but I don't see the air conditioner
deduction in Turbo Tax Deluxe.

Can I deduct part of the air cinditioner costs? If so, how?

How can I maximize the deduction this year? I need a new
storm door and front door, replacment windows.

What else short of solar or wind power is deductible?

Yes, I know I'm late filing but I get a refund.

Thanks,

Mike

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<< that may be imposed upon the taxpayer. >>
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Posted by Benjamin Yazersky CPA on August 7, 2007, 11:26 pm
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> I bought two high efficiency window air condition during
> 2006. I thought I could deduct part of the purchase cost
> using the energy credit but I don't see the air conditioner
> deduction in Turbo Tax Deluxe.
>
> Can I deduct part of the air cinditioner costs? If so, how?
>
> How can I maximize the deduction this year? I need a new
> storm door and front door, replacment windows.
>
> What else short of solar or wind power is deductible?
>
> Yes, I know I'm late filing but I get a refund.

Take a look at form 5695 & its instructions - residential
energy credits

I don't know turbotax

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----

<< ------------------------------------------------------- >>
<< 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. >>
<< ------------------------------------------------------- >>

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