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Vermont online Form 8855: What You Should Know

You can To request that a document be printed on legal paper, please visit your nearest IRS Taxpayer Assistance Center. The Renter's Credit (RC), which may be available in some states under certain circumstances, can reduce taxes payable on real property by as much as 50%. A 5.00 deposit is required for the RCR application, and, if the RCR application is approved, the owner will be owed a credit. Form 8655 is not a “real property tax deduction”. It is only used for tax planning purposes by some business persons, individuals and farmers.  It is not for the purposes of a federal deduction. The RC does not apply to real property, and it cannot be claimed on a federal tax return. If you have any questions about the RC, please consult your local tax planning attorney or tax professional.

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