Question: A taxpayer is making some changes to their home by installing some energy-efficient property in TY2021. Last year, they claimed $300 in nonbusiness energy property



A taxpayer is making some changes to their home by installing some energy-efficient property in TY2021. Last year, they claimed $300 in nonbusiness energy property credit for similar changes. This year, they have $1,200 in qualified energy improvements installed. What is the amount of the nonbusiness energy property credit that they can take for TY2021? Select one: a. $1,200 b. $200 c. $120 d. $0 Previous page A taxpayer is making some changes to their home by installing some energy-efficient property in TY2021. Last year, they claimed $400 in nonbusiness energy property credit for similar changes. This year, they have $3,600 in qualified energy improvements installed. What is the amount of the nonbusiness energy property credit that they can take for TY2021? Select one: a. $3,600 b. $500 c. $360 d. $100 Previous page taxpayer is thinking about making some additions to their property with regards to qualified energy improvements. hey want to budget exactly what they need to spend in order to get the maximum amount of the available credit, aving never taken these types of credits before. What is their effective "budget" to maximize their tax savings? elect one: a. $5,000 b. $500 c. $4,300 d. Whatever their tax liability is multiplied by 100 since the credit is a 10% as a nonrefundable credit. Previous page
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