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 (I will not be receiving a 1099 for this income, according to the company that bough the SRECs from me). 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 Incme somewhere? Or is there a different way to show it?
