51942
The wording means very different things, 30% of installation vs flat $1,000? Also, it says a credit of $30,000 "For property of a character subject to an allowance for depreciation (business/investment use property)." From my research rental property is subject to an allowance for depreciation. If I install an electric charger on a rental property is this credit applicable? Thank you!
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The instructions are here. ftp://ftp.irs.gov/pub/irs-dft/i8911--dft.pdf
If you install an electric car charger at your rental property, you must first take section 179 depreciation, if you elect to do that.
Then, the credit is 30% of the remaining cost (if any).
Then, you depreciate the remaining cost over its class lifespan, except that the starting value for depreciation is your net cost after section 179 and the tax credit.
Where is the form and why doens't the VIN number work?
Here is how to enter Form 2911 in TurboTax:
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