(e) Alternative party verification -(1) Generally speaking. Regarding a good taxpayer which makes an election under part forty eight(a)(15)(C)(ii)(II) to treat people qualified assets that is part of a designated clean hydrogen production business since times possessions having reason for the brand new part 48 borrowing from the bank, the fresh taxpayer need to see a yearly confirmation statement on nonexempt year where the election below area forty eight(a)(15)(C)(ii)(II) is perfect for this new business as well as for each nonexempt season afterwards into the recapture several months given during the section (f)(3) in the area. This new taxpayer must also submit this new annual confirmation statement as the a keen attachment with the Function 3468, Capital Borrowing from the bank, otherwise any successor mode(s), to your taxable year in which the election under area forty eight(a)(15)(C)(ii)(II) is made for this new business. [Read more…]