I only claimed part of the solar panel cost for the ITC in 2017 because I financed it. Do I have to amend 2017 or can I add the remaining balance to 2018? Thank you.
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I only claimed part of the solar panel cost for the ITC in 2017 because I financed it. Do I have to amend 2017 or can I add the remaining balance to 2018? Thank you.
I only claimed the monthly payments I made in 2017. Can I just claim the remainder in 2018, or do I have to amend 2017 to get the full credit?
I only claimed part of the solar panel cost for the ITC in 2017 because I financed it. Do I have to amend 2017 or can I add the remaining balance to 2018? Thank you.
Yes, you should amend your 2017 return to claim the full cost of the solar panels. Even though you financed a portion of the costs, the expense is still considered "paid" in 2017.