179D deduction! This looks almost too good to be true. Have you done it? Have any tips?
How do you get the engineering analysis? My building is 2000 sq ft. How much does it cost? Who does it?

For those that don’t know you can get up to $5/sq ft
[{"id": "ip5arla", "text": "I can help. My firm does the certs, but you'll need to wait until 2023 to get the $2.50-5.00 deduction amout. \n\nThat said, at 2,000 sf, you're only looking at 10k max, which isn't going to make much sense after paying the cert fee. \n\nThere may be an easier and cheaper way to deduct your improvements. Let me know if you want to discuss.", "replies": [{"id": "ip7e9ld", "text": "Thanks. What cheaper and easier ways are there?", "replies": [{"id": "ip7endy", "text": "It depends on the specific improvements made. I would need to see what you have planned. Specifically, the contractor general payment application (forms g702 and g706) and/or invoices that provide a description of the improvements made/work performed.", "replies": [{"id": "ip7npfc", "text": "So far it\u2019s: pour a concrete floor over what was a dirt floor in the center of the building (500 sq ft). Add a mini split system (there was only electric heat from 2 old ceiling mounted heaters) and replace extremely old fluorescent and incandescent lighting fixtures and bulbs. \n\nI am unaware of the 2 forms you have mentioned.\n\nEdit: looked up those forms. The concrete guy we used was just a dude and his wife. He doesn\u2019t speak English. This was just a side gig from him. He was $5k less than the places with websites and business cards. All I have is a deposited check. And before and after pictures. \n\nThe mini split is with an energy trust firm. I assume I can get forms from them (we haven\u2019t put a deposit down for the install yet). The lighting fixtures and bulbs I just did myself.", "replies": [{"id": "ip7pi6l", "text": "The forms are commonly used by general contractors to report progress under the construction contract, track change orders, and submit requests for payment. They are American Institute of architects forms (AIA). \n\nWas the lighting interior? If yes, everything but the exterior portion of the split system is qualified improvement property you can claim 100% bonus depreciation on for property placed in service by the end of the year. (Drops to 80% in 2023.) \n\nFor the exterior portion of the split ductless system (or the whole system to make it easier), you can elect to expense the cost under 179(e) if you satisfy the other requirements of the code section. \n\nAnd bam, you now have the same deduction you would have had for zero fee. Also, it sounds like you would have been under the original 179D program since it appears you already have the improvements in service. That would have capped you at $1.80 sf x 2,000 = $3,600. I don't know how you could have gotten the improvements you described for so little, so I think you're way ahead. \n\nRemember, 179D requires a basis reduction, so you're not creating any new deductions, just accelerating them for a fee.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iq4bsx9", "text": "You can get $/sqft only if the project meet prevailing wage and apprenticeship requirements.\r  \nAnd the building achieves a 25% reduction in energy and power costs, the deduction is $2.50 per square foot. If energy and power cost is reduced further, the deduction increases by $.10 for each additional percentage of reduction up to $5.00 per square foot. https://ics-tax.com/news/inflation-reduction-act-179d/", "replies": [], "depth": 1}]