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Feed-in Tariff (FIT) Taxability
I've done extensive internet searching, and closest I could find was this article from 2015, which mentions the IRS hadn't ruled on the topic and that this sort of income is ambiguous: https://www.greentechmedia.com/articles/read/understanding-the-tax-implications-of-net-metering-succ...
Is there anybody out there who has dealt with this and has strong opinions one way or another? The utility does NOT supply a 1099-MISC and tells me it's up to me whether I should report the income on my returns (won't provide tax advice). For years I've been reporting it as "Other Income" on my returns, paying the taxes. But I figured I'd ask again, since I'm moving back to preparing my taxes myself...
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‎January 8, 2024
11:16 AM