RECOVERY ACT / TAX CREDIT Do I qualify? OR NOT!

[jshinkle]

I got to visit my insert dealers today. 90 miles away!!

I had it narrowed down to the Montpelier and the Clydesdale.
I was working a deal on the Clydesdale when the dealer told me I had to live in my current house for 1 year to qualify for the Tax Credit.
. . . . . . . . . . WHAT??????? I would love an insert with a tax credit. . , or a lump of coal, but to be honest, the tax credit is the only reason I am pulling the trigger on the unit.

The dealer did admit the he was repeating what a customer told him, but he seemed pretty certain. I tried to research it, but I have found nothing.

PLEASE HELP!

 

[Backwoods Savage]

That is one I've not heard about.

 

[shawneyboy]

No needed amount of time in residence. Just that it is the primary residence. See attached gov't link....

(broken link removed)

But I do believe it must be IN USE this year to qualify on 2010 tax

 

[woodywilson]

Yea-- Shawneyboy is right better get it ordered and installed (wink-wink .Although I do not think the IRS is coming out on Jan1 to make sure.) as long as it is your home ,primary residence and home is located in the good ole USA.

 

[orionrogue]

Shawneyboy is correct: If you can't pull a permit, get your chimney swept and have it installed and running before 12/31, you might be SOL. There is a new 2011 tax credit but its not as advantageous as for 2010. The house must also be your primary residence, and that you are the homeowner. If you already took advantage of new insulation, or energy efficient windows, those also go against the $1500 max credit, so keep that in mind too.

OP, if you haven't pulled the trigger yet and you getting this is make it or break it, I think your time has past. But good luck to you.

 

[southbalto]

Yea, it's supposed to be installed by year end.

Your call on what you want to do with the credit

 

[nola mike]

i bet with a self install, it could be done by year-end