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Level 3
January 30, 2021
Question

RESIDENTIAL ENERGY TAX CREDIT

  • January 30, 2021
  • 1 reply
  • 5 views

Taxpayer received a Grant to pay for a Furnace and A/C, but a lien is against her property for 5 years.  Can she still take the energy credit??  I am leaning to NO but since there is a lien against the property for the amount of the Furnace/AC....I am wondering???

 

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1 reply

sjrcpa
Level 15
January 30, 2021

Cost of furnace and A/C less amount of grant = amount eligible for credit. Could be zero.

The more I know the more I don’t know.