VITA/TCE Volunteer training

I am currently taking the VITA/TCE training to prepare for the tax season through AARP. I would like to contact others taking the training who might be interested in assisting each other with studying.

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Reply to
skier
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What city are you located in?

Reply to
caj11

I recently taught the combined VITA/AARP instructors class for the Central Ohio area, and can help if you get bogged down, but will probably not give out answers. __ Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

Reply to
Arthur Kamlet

I live in NM but am hoping to find someone or more who would like to work together through email.

Reply to
skier

I passed the online test for basic and intermediate. I missed a couple, and it would be nice if they would give the correct answers on those you miss. I know my mistake on one, but do not understand the second. It has to do with residential energy credit. The subject purchased an exterior door for $700 and the cost of installation was $300. I could not find any mention in the information I have if labor could be included in the cost. I said the rebate should be 10% of $1000 which was wrong. Is the labor cost not included?

Mike

Moderator: Either that or the door does not qualify.

Reply to
skier

Installation bought at time of purchase and not a separate fee for on site preparation, is part of the cost to which the 10% applies. If I recall the official answer it was 10% of the installation as well. __ Art Kamlet ArtKamlet @ AOL.com Columbus OH K2PZH

Reply to
Arthur Kamlet

In IRS Notice 2006-26, you will find the guidance for both the Qualified Energy Efficiency Improvements Credit and the Residential Energy Property Credit. The door in question falls into the first category and is categorized as an Eligible Building Envelope Component. As such, the notice states: .06 Installation Costs. With respect to Eligible Building Envelope Components, the credit is allowed only for amounts paid or incurred to purchase the components. The credit is not allowed for amounts paid or incurred for the onsite preparation, assembly, or original installation of the components. Items that qualify for the Residential Energy Property Credit (second category above) can include the installation cost.

Reply to
A.G. Kalman

Don't despair: there seems to be a mistake in the test answers.

Reply to
rbristol

Thanks to all who replied to my request for help.

Mike

Reply to
skier

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