Can someone who already owned a Skystream claim credit?
If you purchased a Skystream in 2008, you qualify for the federal-level tax credit, passed as part of the October 2008 bailout legislation, up to $2,400 per wind turbine with a cap of $4000. If you purchased a Skystream in 2008 but your dealer did not install it until 2009, ask your dealer to write a letter indicating that the wind turbine was not “commissioned” became operational 2009, you would qualify for the 30 percent tax incentive in your 2009 filing but could not take it off your 2008 taxes.
Related Questions
- HOW DO I CALCULATE THE AMOUNT OF INPUT TAX WHICH I CAN CLAIM AS A CREDIT IF I AM A MANUFACTURER AND MAKE SALE OF TAXABLE GOODS AND SALE OF EXEMPT GOODS BY USING COMMON INPUTS?
- When an apprentice is registered for two separate trades simultaneously, can the business claim the credit for both trades?
- Can nonresident aliens claim a credit for tuition paid to go to school?
