A client was told by his builder that his rental property will qualify for a residential energy credit in 2022. Does anyone have information on this?

[ESGLLC]

The property is held in a partnership.

[abctax55]

I suggest some CPE on what the Inflation Reduction Act included regarding energy credits.  

[abctax55]

Also - google is your friend:

https://search.yahoo.com/yhs/search?hspart=avg&hsimp=yhs-securebrowser&type=8153&param1=e0f50a024ae1...86.0.6536.113&param4=17|US||&p=residential+energy+tax+credits+for+2022

[abctax55]

Well, crap... the link I posted isn't working and for some reason I can't edit my post ???

Here's a bone tho, yes - partnerships can avail themselves of credits that are then passed thru on the K-1.

[TaxGuyBill]

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@abctax55 wrote:

 for some reason I can't edit my post ???

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Yeah, somebody disabled the ability to edit posts a couple of weeks ago.  It's driving me crazy. 

[sjrcpa]

Me, too. I can't fix my typos.

[Skylane]

Must Have been the last upgrade…. Fix 2, break 3.

[Skylane]

Excellent. Since the builder is aware of the tax credits…. Your client should tell the builder that the builder should provide the appropriate documentation, ie. energy star  labels and receipts for items they purchased or installed for which the credit may be claimed

[qbteachmt]

When is the property considered complete? Because the provisions in 2023 are much better:https://www.energystar.gov/products/ask-the-experts/the-tax-credits-for-energy-efficient-upgrades-ar...

[Skylane]

Edit feature has been fixed…. For now…