8908 Instructions 2023-2024 Form

Instructions and help about IRS Form 8908 Walkthrough Claiming The Energy Efficient

we'll be going over IRS form 8908 energy efficient Home Credit the purpose of this form is for eligible contractors uh who may qualify to be able to claim a credit for each energy efficient home that was sold or released to another person during the tax year so the homes must meet certain qualifications in the contractor must also meet certain eligibility requirements the most important part is recognizing that only Partnerships and s-corporations have to file this form in order to claim the energy efficient Home Credit any other taxpayers May directly claim the credit in on IRS form 3800 the general business credit uh online 1p and so when we go to the bottom of this one page form you can see that Partnerships and S corporations will report their total on schedule K of their respective tax return although their taxpayers will report this amount on line 1p of form 3800 and uh most of the time those taxpayers should be able to report that information directly on the form without using f