<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; ">Stange but true...many of my customers are claiming the credit for their RV PV solar system and a few have reported back: no problems. For some, the motorhome or trailer is their primary residence but for most it is just used part time. <div><br><div><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-align: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><span class="Apple-style-span" style="border-collapse: separate; color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-border-horizontal-spacing: 0px; -webkit-border-vertical-spacing: 0px; -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; font-size: medium; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div>Larry Crutcher</div><div>Starlight Solar Power Systems</div><div><br></div></div></span></span><br class="Apple-interchange-newline">
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<br><div><div>On Nov 10, 2011, at 9:58 PM, <a href="mailto:toddcory@finestplanet.com">toddcory@finestplanet.com</a> wrote:</div><br class="Apple-interchange-newline"><blockquote type="cite"><font face="arial" size="4"><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">Wrenches,</div><p style="margin:0;padding:0;"> </p><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">I got the following information from a customer who ran the federal tax credit by her accountant. As a double check... is this correct?</div><p style="margin:0;padding:0;"> </p><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">Thanks,</div><p style="margin:0;padding:0;"> </p><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; ">Todd</div><p style="margin:0;padding:0;"> </p><p style="margin:0;padding:0;"> </p>
<div id="SafeStyles1320990956"><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; "><span style="font-size: 10pt; font-family: "Georgia","serif";">My accountant wrote: <br></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; "><span style="font-size: 10pt; font-family: "Georgia","serif";"><br></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; "><span style="font-size: 10pt; font-family: "Georgia","serif";">The taxpayer claiming the credit must be the owner of the home. The value of these credits adjust basis for sale of home calculations. The residency test for this credit is the same as what is used in determining ownership and exclusion of gain on the sale of a primary residence.</span></div><p class="MsoNormal" style="margin:0;padding:0;"><span style="font-size: 10pt; font-family: "Georgia","serif";"> </span></p>
<span style="font-size: 10pt; font-family: "Georgia","serif";">The credit cannot be claimed on a commercial property, rental property or by a tenant, and the taxpayer claiming the credit must be the owner of the home which is being used as their primary residence.</span><br>
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