I was referring to the Investment Tax Credit for Businesses (Sec 48)
To be eligible for the business ITC or PTC, the solar system must be:
- Located in the United States or U.S. territories
- Use new and limited previously used equipment
- Not leased to a tax-exempt entity (e.g., a school), though tax exempt entities are eligible to receive the ITC themselves in the form of a direct payment.
But my question is is there a way to have my basis diferent on the Fed and State asset work sheets?
