Solar Tax Credits

n7bsn wrote:

Bumpyroad wrote:
I asked my tax lady about solar in my second home and was told it applies to primary residence only. all I get to do is deduct interest, etc. from my taxes
bumpy

SCVJeff wrote:
Well this morons tax guy says it is legal in this state since the motorhome is considered a second home, so the solar was deducted. As far as batteries are concerned... Don't push it... Wether or not you can tie those together, I doubt you will find an auditor that understands the story you whipped up.

Looks like two "experts" have different opinions.

If you have nothing to say, don't.
And if you were paying attention you would have noticed that BOTH comments came from a CPA or tax person. Besides, Bumpy is in a completely different state. So lighten up...

TerriStar wrote:
Form 5695 asks if the solar panels were attached to your main residence. Says, if "no", deduction not allowed.

This is incorrect. That question is asked in Part II, Nonbusiness Energy Property Credit. The part that would apply to RVs is Part I, Residential Energy Efficient Property Credit. It specifically says that "The home does not have to be your main home".

Bumpyroad wrote:
If you own a house and a RV, good luck on passing an audit.

I have taken a solar deduction twice, online,no paper. No audit yet.

The gov't loves it when you file online, because it's so much less work for them, and you.

TerriStar wrote:
Form 5695 asks if the solar panels were attached to your main residence. Says, if "no", deduction not allowed.

If you own a house and a RV, good luck on passing an audit.
bumpy

I would definitely seek the help of a tax attorney or accountant... went to the govt website which directed to this website.

It states "The following applies to the 3 product categories below:
Tax Credit:30% of cost with no upper limitExpires:December 31, 2016Details:Existing homes & new construction qualify. Both principal residences and second homes qualify. Rentals do not qualify."

When you click on the "principle residences" link it states "What is a "principal residence?"



The tax credit for energy efficiency is available for improvements made to a home that you own and use as your "principal residence." This is the home where you live most of the time. A temporary absence due to special circumstances, such as illness, education, business, military service, or vacation will not change your principal residence.

The home must be in the United States. It can include a house, houseboat, mobile home, cooperative apartment, condominium, and a manufactured home.

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The law (Section 25C(c)(1)(A)) specifies: such component is installed in or on a dwelling unit located in the United States and owned and used by the taxpayer as the taxpayer's principal residence"

I would definitely seek legal hepl with them using the terms dwelling and what signifies a "mobile home". My thoughts are that a dwelling is a home structure and that a mobile home is not an RV. But that's just how I would interpret it.

I agree with n7bsn...

Form 5695 asks if the solar panels were attached to your main residence. Says, if "no", deduction not allowed.

wfred wrote:


2.) What paperwork do you need in addition to the IRS form 5695?

none,if you file online.

Bumpyroad wrote:
I asked my tax lady about solar in my second home and was told it applies to primary residence only. all I get to do is deduct interest, etc. from my taxes
bumpy

SCVJeff wrote:
Well this morons tax guy says it is legal in this state since the motorhome is considered a second home, so the solar was deducted. As far as batteries are concerned... Don't push it... Wether or not you can tie those together, I doubt you will find an auditor that understands the story you whipped up.

Looks like two "experts" have different opinions.

I asked my tax lady about solar in my second home and was told it applies to primary residence only. all I get to do is deduct interest, etc. from my taxes
bumpy

Well this morons tax guy says it is legal in this state since the motorhome is considered a second home, so the solar was deducted. As far as batteries are concerned... Don't push it... Wether or not you can tie those together, I doubt you will find an auditor that understands the story you whipped up.