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State tax filing
3 Questions:
1. Where do I find the Credit Approval Number?
2. I entered my tax owed to NM before entering the solar amount in line 2, then entered the Total Tax Credit Amount in line 3. When I did this, it change my owed amount to a refund in the amount of the total tax credit amount. This doesn't seem right. It seems like it should be the difference of the tax owed and the credit. What am I doing wrong?
3. After I enter these, it asks me to upload 2 documents, a Form 41406 (New Solar Market Development Tax Credit) and a 41406 letter (letter of eligibility). I have the certificate, but not a letter. The NM tax website does have a form TRD-41406. Is this what is needed?
Thank you.
March 12, 2025
9:58 PM