Schedule M1NC Federal Adjustments:
Regarding Line 3:
"Section 129. Energy Efficient Homes Credit
If you claimed the Energy Efficient Homes Credit on your federal return, adjust the property’s basis without regard to the basis reduction required under 2019 IRC. Include any adjustments to FTI as a result of this Minnesota change in basis."
The Residential Energy Credit allows for qualified energy-efficient improvements, if they meet certain energy efficiency requirements, which include:
- exterior windows and skylights (must meet or exceed version 6.0 Energy Star Program Requirements)
- exterior doors
- some qualifying roofs
IRS 2019 Form 5695 Instructions bottom of page 2, top of page 3
