- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thanks for your time.
I understand your point about a recovery having to be included in income up to the amount of a tax credit that you take.
What is the interaction between an incentive amount that a State (like Illinois) gives him and Federal tax credits that he takes for this solar system? Does Uncle Sugar expect him to pay Federal tax on a Illinois state incentive (for a solar system in this case) if he takes the Federal Solar Tax Credit?
Thanks!
‎April 4, 2024
8:43 PM