Guys, last October (2009) my buddy bought my New Englander 13 when I bought My BK.
So fast forward he calls me and tells me today that his CPA says to claim it for next year (2010) because he didn't buy the pipe and install it. She says it will put up red flags!
Well I haven't talked to my CPA yet, but I'm in the same boat I was going to take the credit from 2009 and use the money for the stove pipe in 2010.
Anyone have an opinion or real world knowledge?
thank you,Hiram
So fast forward he calls me and tells me today that his CPA says to claim it for next year (2010) because he didn't buy the pipe and install it. She says it will put up red flags!
Well I haven't talked to my CPA yet, but I'm in the same boat I was going to take the credit from 2009 and use the money for the stove pipe in 2010.
Anyone have an opinion or real world knowledge?
thank you,Hiram