- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@Opus 17 wrote:
I am puzzled/surprised. Section 25C says that each item of qualifying property needs its own QMID, and the QMID must be printed on the property item. The IRS seems to have decided to identify manufacturers in general, rather than assigning a QMID to each different item the manufacturer produces
For 2025, it was scheduled to only have the 4 digit manufacturer number (probably part of some IRS "transition" guidance, but I would need to look that up). For 2026 (before the energy credits were removed) it was scheduled to have the entire number for the specific item.
Friday
153 Views