When requesting an allocation percentage or amount, it's important to remember that the 179D deduction cannot exceed the total cost of the project. Here are some key points to consider:
- Maximum Allocation: You can request up to 100% of the 179D deduction, but the deduction amount cannot exceed the project's total cost.
- Unsure of the Amount: If you are unsure of the exact allocation amount or percentage, you can select 100%. Our team of experts will work with you throughout the study process to determine the appropriate amount or percentage.
- Sharing the Deduction:
- The deduction can be shared with other designers, architects, or engineers who worked on the project.
- The total allocation percentage or amount shared among all parties cannot exceed 100% or the total cost of the project.
- Expert Guidance: AllocatePro’s team of experts will assist you in accurately calculating and allocating the deduction, ensuring compliance with all regulations and maximizing your benefits.
By selecting 100%, you ensure that you don't miss out on any potential deductions, and our team will help you fine-tune the allocation during the review process.