@LindaWC wrote:
Thanks - I have a follow-up question which you may (or may not) be able to answer. I understand that solar equipment is a 5-year class asset and eligible for MACRS depreciation. So for the Asset Entry, I believe I need to select "other" for the asset class drop-down menu, and then hand-enter MACRS depreciation. 5-year depreciation life, and 200% depreciation in lines 45-47 of the Asset Entry worksheet. Correct?
That goes beyond me. I don;t know if solar equipment on a residence has the same recovery period as business property (if you were in business of selling electricity).
@AmeliesUncle
@Anonymous_
@rjs
