I am renting a solar panel system
Can I deduct the monthly rental from my taxes under the green usage
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Hi @Parebel,
While there are a lot of folks on here who play a tax expert on TV, we don't actually focus on giving out tax opinions.
You really need to ask a CPA about this.
FrankxQuicken Home, Business & Rental Property - Windows 10-Home Version
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While, in general, I agree with @Frankx's reply ... you might also try asking this over in the TurboTax forum.It's possible that they'll have some ideas on this matter: https://ttlc.intuit.com/community/home/misc/03/en-us
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP0 -
This is a gray area. IRS is fuzzy on whether renting photovoltaic solar panels qualifies. The credit has expired, but may have been renewed. So you'll have to do some research. One thing is certain: you have to have installed the panels. If you moved into a house with existing panels and assumed the rental, you do not qualify for the credit. Only the person(s) who actually installed the panels qualify.
Quicken user since version 2 for DOS, now using QWin Biz & Personal Subscription (US) on Win10 Pro.
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