skyking1
Thinks s/he gets paid by the post
The new house has extensive use of products and methods that I can apply to the 30% tax credit.
My understanding is I will have to get a certificate of occupancy in the year that I want to use the tax credit. In other words, I can't start building the house and then apply for the tax credit if the house is not finished by the end of the tax year.
Has anyone else looked into that and is that their understanding also?
It does pose some difficulties, as it is less likely that I'll be able to get it done by the end of 2023.
My understanding is I will have to get a certificate of occupancy in the year that I want to use the tax credit. In other words, I can't start building the house and then apply for the tax credit if the house is not finished by the end of the tax year.
Has anyone else looked into that and is that their understanding also?
It does pose some difficulties, as it is less likely that I'll be able to get it done by the end of 2023.