turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

If you purchased solar for your main residence should you be filing as a business? Are you considered a business because you sell energy to SRP?

Am I to file my taxes as a business if I own solar panels on my main residence 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

If you purchased solar for your main residence should you be filing as a business? Are you considered a business because you sell energy to SRP?

You don't make anything on this really do you ?   According to the web site you get credit for "selling" your excess energy back to the electric company and the credit remains on the books until you can use it ... at no time are you paid cash for your excess energy. 

View solution in original post

1 Reply

If you purchased solar for your main residence should you be filing as a business? Are you considered a business because you sell energy to SRP?

You don't make anything on this really do you ?   According to the web site you get credit for "selling" your excess energy back to the electric company and the credit remains on the books until you can use it ... at no time are you paid cash for your excess energy. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies