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Deductions & credits
You must reduce the basis of your home by the amount of any credit allowed.
how does a renter do this when the panels would be a leasehold improvement and thus owned by the property owner? Thus the renter has $0 basis. the tenant can't "sell" the panels to a subsequent tenant since the tenant doesn't have title. It would be like a tenant selling the walls to his apartment.
‎December 23, 2019
11:34 PM