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228- All of the following are true regarding the Nonbusiness Energy Property Credit (Part II) except: A. The credit has a lifetime limitation, as well
228- All of the following are true regarding the Nonbusiness Energy Property Credit (Part II) except:
A. The credit has a lifetime limitation, as well as limitation based on tax liability
B. The credit is currently scheduled to sunset in 2021
C. There is a $1,500 lifetime limit for the credit
D. The credit can only be applied to the taxpayers primary residence if it is not new construction
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