Form 8908 - Energy Efficient Home Credit - 2012

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8908
OMB No. 1545-1979
Energy Efficient Home Credit
2012
Form
Attach to your tax return.
Department of the Treasury
Attachment
153
Information about Form 8908 and its instructions is at
Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
1 a Enter the total number of qualified energy efficient homes including
qualified energy efficient manufactured homes meeting the
50%
standard that were sold or leased to another person for use as a
residence during the tax year (see instructions)
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1a
b Multiply line 1a by $2,000
1b
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2 a Enter the total number of qualified energy efficient manufactured
homes meeting the 30% standard that were sold or leased to another
person for use as a residence during the tax year (see instructions) .
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2a
b Multiply line 2a by $1,000
2b
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Energy efficient home credit from partnerships and S corporations .
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4
Add lines 1b, 2b, and 3. Partnerships and S corporations, report this amount on Schedule K. All
others, report this amount on Form 3800, line 1p .
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4
General Instructions
as an eligible contractor with respect to
Comparable dwelling unit. A
the home. For example, if the person
comparable dwelling unit:
that hires a third party contractor to
Section references are to the Internal
• Is constructed in accordance with the
construct the home owns and has the
Revenue Code unless otherwise noted.
standards of chapter 4 of the 2006
basis in the home during construction,
International Energy Conservation Code
What’s New
the person that hires the third party
as such Code (including supplements)
contractor is the eligible contractor and
was in effect on January 1, 2006,
The energy efficient home credit was
the third party contractor is not an
• Has air conditioners with a Seasonal
extended to cover qualified new energy
eligible contractor.
Energy Efficiency Ratio (SEER) of 13,
efficient homes sold or leased in 2012
Qualified New Energy
measured in accordance with 10 C.F.R.
and 2013.
430.23(m), and
Efficient Home
Purpose of Form
• Has heat pumps with a SEER of 13
A qualified new energy efficient home is
and a Heating Seasonal Performance
a dwelling unit located in the United
Eligible contractors use Form 8908 to
Factor (HSPF) of 7.7, measured in
States, whose construction is
claim a credit for each qualified energy
accordance with 10 C.F.R. 430.23(m).
substantially completed after August 8,
efficient home sold or leased to another
2005, and sold or leased to another
30% energy efficient standard. The
person during the tax year for use as a
person after 2005 but before 2014, for
credit is $1,000 for a manufactured
residence. The credit ($2,000 or $1,000)
use as a residence. The home is also
home that does not meet the 50%
is based on the energy saving
required to be certified and meet certain
energy saving requirement but is
requirements of the home. The credit is
energy saving requirements.
certified to have an annual level of
part of the general business credit.
Construction includes substantial
heating and cooling energy consumption
Taxpayers other than partnerships or
reconstruction and rehabilitation.
at least 30% below the annual level of
S corporations, whose only source of
heating and cooling energy consumption
Energy Saving Requirements
this credit is from a pass-through entity,
of a comparable dwelling unit (discussed
are not required to complete or file this
above) and:
The amount of the credit is based on the
form. Instead, they can report this credit
extent to which each new energy
• Meets FMHCSS requirements, and
directly on Form 3800.
efficient home meets the energy saving
• Has building envelope component
See section 45L for more information.
requirements discussed below.
improvements that account for at least
Who May Claim the Credit
50% energy efficient standard. The
1/3 of the 30% reduction in energy
credit is $2,000 for a dwelling unit that is
consumption, or
Eligible contractors may claim the credit
certified to have an annual level of
• Meets the current requirements
for new energy efficient homes that are
heating and cooling energy consumption
established by the Administrator of the
acquired by sale or lease by an individual
at least 50% below the annual level of
Environmental Protection Agency under
from that contractor during the tax year
heating and cooling energy consumption
the Energy Star Labeled Homes
for use as a residence.
of a comparable dwelling unit and has
program.
building envelope component
Definitions
improvements that account for at least
Heating and cooling energy and cost
1/5 of the 50% reduction in energy
savings must be calculated using the
Eligible Contractor
consumption. A manufactured home
procedures described in Residential
meeting the requirements described
Energy Services Network (RESNET)
An eligible contractor is the person that
above and the Federal Manufactured
Publication 05-001, RESNET Publication
constructed a qualified energy efficient
Home Construction and Safety
06-001, or an equivalent calculation
home (or produced a qualified energy
Standards (FMHCSS) requirements (see
procedure. You can access RESNET
efficient home that is a manufactured
24 C.F.R. part 3280) is also eligible for
publications at
home). A person must own and have a
the $2,000 credit.
basis in the qualified energy efficient
procedures.pdf.
home during its construction to qualify
8908
For Paperwork Reduction Act Notice, see instructions.
Form
(2012)
Cat. No. 37718T

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