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Clean Energy Tax Credits: What Qualifies and What Doesn't
Manage episode 482814552 series 3659469
תוכן מסופק על ידי Earmark Media, Jeremy Wells, EA, and CPA. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Earmark Media, Jeremy Wells, EA, and CPA או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Solar installations create valuable tax benefits, but determining eligible expenses requires careful analysis. Jeremy Wells breaks down the Residential Clean Energy Credit under IRC Section 25D, explaining which costs qualify, how to handle roof modifications, and when the credit can be claimed. The episode provides essential guidance for tax professionals encountering clean energy improvements on client properties.
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- (00:00) - Welcome to Tax in Action
- (00:24) - Client's Solar Panel Installation Scenario
- (01:54) - Understanding the Solar Tax Credit
- (05:22) - Qualifying Properties and Expenses
- (12:43) - Business Use and Allocation at Residence
- (16:48) - Calculating Qualifying Expenditures
- (38:18) - Timing and Reporting the Credit
- (43:58) - Summary and Final Thoughts
- (52:11) - Conclusion and Next Steps
Connect with Jeremy
https://www.linkedin.com/in/jwellstax
https://www.steadfastbookkeeping.com
Subscribe on YouTube
https://www.youtube.com/@TaxinAction
Earn CPE for Listening to This Podcast
https://www.earmark.app/
This podcast is a production of the Earmark Media
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