@DaveF1006
Thanks but…
I’m not sure that reporting just the $30,000 is in my best interest. As you said, $4,500 is a significant amount of money and, as I said in my original post, I’m not convinced that Mass Save will ever come through with the rebate. If, in fact, they don’t then I’m out $4,500 which I can never recover.
Since all of my expenses were in tax year 2022 and I did not receive a rebate in that year, I believed that I should report all of those expenses on my 2022 return. The main purpose of my original post was to find out what to do if I received a rebate in a different tax year (not necessarily in 2023 - I’ve heard of people waiting a year-and-half or more to get their rebate!). I can’t find anywhere in the instructions for Form 5695 or anywhere else where this situation is addressed and I was hoping someone on this forum would have had experience in this or could point me to the tax code that addresses this situation. I would go directly to the IRS for help but they specifically state that they can’t help with Form 5695 and that I should seek help from a tax professional. It’s a sad state of affairs that even the IRS thinks that taxes are too complicated for a regular taxpayer to understand.
