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Deductions & credits
@toaster68 wrote:
Is there no way to claim the energy community credit or no way to claim in Turbo Tax?
The extra credit for energy communities applies to the section 45 and section 48 credits for energy producing businesses and home builders, not personal property.
https://www.irs.gov/pub/irs-drop/n-24-30.pdf
If you think you are an energy producing business (maybe because your solar panels are so large that you sell back to the utility more than you use), then you need to be filling a business tax return, and you need to see a tax professional about these credits. They are not available to homeowners through Turbotax. (They might be in the business section, I haven't looked for them.)
‎January 15, 2025
4:03 PM