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Deductions & credits
Hi there - bringing this old thread back to life with a new question about SRECs. I received $1,600 in SRECs this year, which I will claim on my taxes (though I have not yet received a 1099 yet from the company that purchased them). However, I also had $1,495 worth of repairs to my system in January (I had to replace my inverter), so my net income after repair costs was only $105.
Can I deduct the repair costs from the income? And if so, how do I do this? Do I just claim $105 as Miscellaneous Inocme somewhere? Or is there a different way to show it?
‎February 7, 2022
5:42 AM