@Kurajo - not trying to asnwer the question, just trying to ask questions...
does this qualifiy as a business? what is the profit motive if there are no cash credits?
did you take the solar tax credits? (if yes, sounds like a 'double dip': tax credits and depreciation)
IRS definition of a business:
https://www.irs.gov/businesses/small-businesses-self-employed/business-activities#:~:text=A%20trade%....
Trade or Business
A trade or business is generally an activity carried on for a livelihood or in good faith to make a profit. The facts and circumstances of each case determine whether an activity is a trade or business. Some of the important facts and circumstances used to make this determination include:
- regularity of the activities,
- regularity of the transactions,
- production of income, and
- ongoing efforts to further the interests of your business.
You do not need to make a profit to be operating a trade or business but you do need to have a profit motive. The above list is not all inclusive in the determination of whether an activity is trade or business. For more information about making this determination, see Five Things to Remember about Hobby Income and Earning side income: is it a hobby or a business?
