Cohousing-L Mailing List: Re: IRS 179D Tax Deduction

[Katie Henry (katie-henry]

Hi John,

I called Stan. He's great! Sadly, we do not qualify for the 179D program 
because the buildings have to be four stories or greater and ours are all 
single-story buildings. But we're eligible for the 45L tax credit, which will 
get us $2,500 per unit. He's going to send us a proposal and we'll probably 
move forward with it.

Thanks for the recommendation!

Katie

--------------------------

John Pustell wrote:

Investors at Bay State Cohousing LLC (BSC LLC) all received our share of an 
energy efficient construction tax credit of $3,000 credit per unit for tax year 
2022 (the year we received our certificate of occupancy and bought our units 
from the development company).  It was a 179D. We used a consultant to help 
with the documentation and I highly recommend them.

Stan Fowler, National Tax Group, 561-327-7934, sfowler [at] ntgadvantage.com