Okay. Thank you very much for taking the time to reply. It’s really appreciated. I think (please see my username) your response makes sense although admittedly I get confused especially with a post-COVID-19 brain fog I’m struggling with. My trust in accountants is low seeing that I had one really screw me up ages ago and the last two we hired forgot to charge us for their services...
I incorrectly assumed (at a negative immediate cost to ourselves) that since I worked from home and file 1099-misc that this would apply as a credit towards our overall liability (all-in-one), not realizing that the IRS perspective would separate the two (self-employment/SS/Medicare taxes from income tax.) I suppose we wouldn’t owe income taxes for the next few years unless the government make some changes to the energy credit.
