Tax Credit For Rental Properties

snciwz8

Can a investment property owner get the tax credits on window replacement for their rental properties?

Federal Tax Credit Plan that Obama signed into law this year for .30 window replacements. Does this apply to rental properties?

Jason Whipple

If you're talking about energy star credits, we were told they don't exist anymore. We lost out on over 4k worth of energy star improvements.

__________________
Jason E Whipple, General Manager
Historic House Restoration, Cincinnati, Ohio
Facebook | Twitter

Jason Whipple

Hey? What the heck does this have to do with sales and marketing?

Just noticed that

__________________
Jason E Whipple, General Manager
Historic House Restoration, Cincinnati, Ohio
Facebook | Twitter

Century Man

No! see attached. Also note Important Change!
Tax Credits for Consumers:

Home Improvements

Tax credits are now available for home improvements:

• must be "placed in service" from January 1, 2009 through December 31, 2010
• must be for taxpayer's principal residence, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, and small wind energy systems (where second homes and rentals qualify)
• $1,500 is the maximum total amount that can be claimed for all products placed in service in 2009 & 2010 for most home improvements, EXCEPT for geothermal heat pumps, solar water heaters, solar panels, fuel cells, and small wind energy systems which are not subject to this cap, and are in effect through 2016
• must have a Manufacturer Certification Statement3 to qualify
• for record keeping, save your receipts and the Manufacturer Certification Statement3
• improvements made in 2009 will be claimed on your 2009 taxes (filed by April 15, 2010) — use IRS Tax Form 5695 (2009 version) — it will be available late 2009 or early 2010
• If you are building a new home, you can qualify for the tax credit for geothermal heat pumps, photovoltaics, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters. More.

SUMMARY OF TAX CREDITS FOR HOMEOWNERS

Product Category Product Type Tax Credit Specification Tax Credit Notes Windows & Doors Exterior Windows and Skylights *Important Change:
Before June 1, 2009:
Must meet ENERGY STAR criteria

After June 1, 2009:
U factor <= 0.30

SHGC <= 0.30 30% of cost, up to $1,5002 Not all ENERGY STAR labeled windows and skylights qualify for tax credit.
More information

__________________
Arlington, Alexandria, Fairfax remodel
Northern Virginia interior and exterior remodel
FW&D Remodeling Services blog

snciwz8

At least someone understood my question. Knowing this information can HELP close SALES.....

snciwz8