making my annual trip to the tax man tomorrow and was wondering if i needed anything special other than a receipt for my stove.
Delta-T said:the credit should apply to anything you're are "required" to have to complete installation....pipe, hearth pad, ect. I'm not sure on permitting fees though.
every little bit helps!firebroad said:Delta-T said:the credit should apply to anything you're are "required" to have to complete installation....pipe, hearth pad, ect. I'm not sure on permitting fees though.
By the time the calculations are done, unless the stove was a gift, it won't be necessary to enumerate the extras. Trust me, the credit will not be as glamorous as it is made out to be. :coolmad:
Smil
Lousyweather said:every little bit helps!firebroad said:Delta-T said:the credit should apply to anything you're are "required" to have to complete installation....pipe, hearth pad, ect. I'm not sure on permitting fees though.
By the time the calculations are done, unless the stove was a gift, it won't be necessary to enumerate the extras. Trust me, the credit will not be as glamorous as it is made out to be. :coolmad:
Smil
mepellet said:I don't believe I qualify for the credit In May of 2010 we had all of our windows replaced and used the credit. Probably gonna have to pay more taxes. BOOOO
Ejectr said:I did my taxes with Turbotax and wood pellet furnaces and stoves weren't even on the list of things you could get credit for. It was all wind power and solar panel stuff. I went down the whole list and there was nothing I could use.
Yes, I used to do mine with pencil and paper as well until I had to use the 1040 long form and a bazillion others along with it. I'm going to send in an ammended return. No way are they keeping my credit.firebroad said:Ejectr said:I did my taxes with Turbotax and wood pellet furnaces and stoves weren't even on the list of things you could get credit for. It was all wind power and solar panel stuff. I went down the whole list and there was nothing I could use.
Lets hear it for Turbo Tax. My IRS 1040A instruction booklet specifically states bio-mass stoves as renewable/other technologies. Guess there is something to be said for dinosaurs like me who still use pencil and paper to figure our taxes.
Here is the link for the IRS form and instructions. http://www.irs.gov/pub/irs-pdf/f5695.pdf
Ejectr said:Yes, I used to do mine with pencil and paper as well until I had to use the 1040 long form and a bazillion others along with it. I'm going to send in an ammended return. No way are they keeping my credit.firebroad said:Ejectr said:I did my taxes with Turbotax and wood pellet furnaces and stoves weren't even on the list of things you could get credit for. It was all wind power and solar panel stuff. I went down the whole list and there was nothing I could use.
Lets hear it for Turbo Tax. My IRS 1040A instruction booklet specifically states bio-mass stoves as renewable/other technologies. Guess there is something to be said for dinosaurs like me who still use pencil and paper to figure our taxes.
Here is the link for the IRS form and instructions. http://www.irs.gov/pub/irs-pdf/f5695.pdf
I'll do that as well! Good idea! You pay enough for that software, that's for sure.firebroad said:Ejectr said:Yes, I used to do mine with pencil and paper as well until I had to use the 1040 long form and a bazillion others along with it. I'm going to send in an ammended return. No way are they keeping my credit.firebroad said:Ejectr said:I did my taxes with Turbotax and wood pellet furnaces and stoves weren't even on the list of things you could get credit for. It was all wind power and solar panel stuff. I went down the whole list and there was nothing I could use.
Lets hear it for Turbo Tax. My IRS 1040A instruction booklet specifically states bio-mass stoves as renewable/other technologies. Guess there is something to be said for dinosaurs like me who still use pencil and paper to figure our taxes.
Here is the link for the IRS form and instructions. http://www.irs.gov/pub/irs-pdf/f5695.pdf
You should complain to TurboTax for the omission; they probably won't compensate you, but you never know... ;-)
That's good to see. The "interview" they do internally in the software doesn't make this obvious or evident. I will be submitting an amendment as soon as I get my refund. Don't want to delay that.Krik said:See:
http://turbotax.intuit.com/support/...ts/Home-Energy-Credits-for-2011/GEN83990.html
it's under the "home energy credits" section in TT. And yes, TT help does list biomass stoves.
Ejectr said:The "interview" they do internally in the software doesn't make this obvious or evident.
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