Ram Promaster Forum banner

1 - 8 of 8 Posts

·
Registered
Joined
·
212 Posts
Discussion Starter #1

·
Registered
Joined
·
808 Posts
Information I read about applying this credit to RVs said that you effectively are claiming an RV as a second residence and were supposed to prorate the amount by the percentage of time you lived in it versus your primary residence. For a new build that’s pretty much zero. Am I missing something here? For something as long lived as a solar array, perhaps you are allowed to project what percentage that might be.
 

·
Super Moderator
Joined
·
10,500 Posts
It’s called "fudging" Zig. Just as long as you never get audited no one will know. I didn’t bother trying to claim it as I felt the gubermint needs all the money it can get from us and it’s my duty (as an exceptional American) to pay as much as I can.
 

·
Registered
2014 Ram Promaster 2500 159" diesel
Joined
·
1,480 Posts
Information I read about applying this credit to RVs said that you effectively are claiming an RV as a second residence and were supposed to prorate the amount by the percentage of time you lived in it versus your primary residence. For a new build that’s pretty much zero. Am I missing something here? For something as long lived as a solar array, perhaps you are allowed to project what percentage that might be.
Where did you read that? The IRS form I read said nothing about prorate as a main residence or your second home. Now if you use your home for a business that may be different, I don't and skip over those rules.
https://www.irs.gov/pub/irs-pdf/i5695.pdf
 

·
Registered
Joined
·
808 Posts
Here's advice from Intuit (the TurboTax people):

https://ttlc.intuit.com/questions/3...r-deduction-for-my-vacation-travel-trailer-rv

As it mentions there's also been a ruling about batteries that's more of a problem for grid-tied systems, but I'm not sure how you could separate how much of your charging is from your alternator v.s. solar in this case.

http://www.renewableenergyworld.com...nergy-tax-credit-but-imposes-limitations.html

As KOV mentions there's always a degree of fudge-factor in navigating your taxes, but my question is how much might trigger an audit.

Edit: P. S. If I'm reading this correctly the battery discussion seem to imply you can continue to take credits year after year with some degree of diminishing returns. It sounds pretty complicated, so I'm not sure you'd do it unless you had a large home PV system.
 

·
Registered
2017 159, w/dual sliders. SF Bay area
Joined
·
1,027 Posts
That Intuit article feels a bit off and some of their posts are out of date. Grain of salt please.


Nobody has questioned that the core solar elements are eligible for the credit when installed in an RV that qualifies as a residence. The question in that renewable energy world reference (also out of date) is specifically about batteries.


This article provides a more current and nuanced interpretation of how batteries may or may not be covered.


http://www.ballardspahr.com/alertsp...orage-upgrade-is-eligible-for-tax-credit.aspx


If your RV qualifies as a residence (does NOT need to be your main home) and you don't connect your batteries to your alternator and you don't use shore power, claim away!


As my mom (a multi decade tax preparer and as straight an arrow as you will ever find) advised - if you think it is a reasonable deduction, take it. The worst that can happen is that you get an audit and it gets disallowed. Then you pay the back taxes and any potential interest and penalties.
 
1 - 8 of 8 Posts
Top