Cohousing-L Mailing List: IRS 179D Tax Deduction

[Katie Henry (katie-henry]

We're under construction, 36 homes and a common house. Our architect suggested 
we investigate the IRS Section 179D tax deduction for energy efficient 
commercial buildings. Has anybody looked into this?

https://www.irs.gov/credits-deductions/energy-efficient-commercial-buildings-deduction


This wouldn't apply to the homes but could it possibly apply to the common 
house? One requirement is that "it must be property for which depreciation or 
amortization is allowable." We're a condominium association, so I don't believe 
that applies. I wonder if we could work out an accounting maneuver between the 
development LLC and the HOA to make it eligible. That's probably wishful 
thinking. :)

Katie Henry
Heartwood Commons - Tulsa 
https://www.heartwoodcommonstulsa.com/