@cunninghamsubscriptions wrote:
Does the second year get carried over or this plugs into schedule C?
Year 2 Depreciation: 9,303.75
You are claiming this as a business, so you need to continue to file Schedule C as long as you own the solar panels so you can report the GROSS amount of income from the GROSS amount of solar production (NOT the "net" income) each year.
Did the solar cost about $145,371?
You need to know if the prior tax return treated it as a passive activity or as a non-passive activity. If it was passive, the loss would NOT have offset your non-passive income and would usually be carried forward.
