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hgtc
Level 5
February 15, 2022
Solved

nonbusiness energy credit - tankless water heater

  • February 15, 2022
  • 1 reply
  • 7 views

Taxpayers purchase tankless water heater for $950.  They received $600 rebate from So Cal Gas Company.

To calculate 10% credit, do I use $350 as their costs?  Or, use original amount of $950?

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Best answer by hgtc

Thanks

1 reply

sjrcpa
sjrcpa
Level 15
February 16, 2022

Their cost of $350.

The more I know the more I don’t know.
    H
    hgtcAuthorAnswer
    Level 5
    February 16, 2022

    Thanks

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