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Can I deduct a portion of my investment in solar panels as an asset for a rental unit in my home?
In early 2024, I invested in solar panels for my home, and I am claiming that investment as a clean energy tax credit for 2024. However, I have a basement apartment in my home that comprises roughly 30% of the home's square footage. Can I also claim the roughly 30% of the cost of the solar panels as a capital improvement for the basement apartment? If so, exactly where do I do so in Turbotax.
March 14, 2025
1:01 PM