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Retirement tax questions
@crkemper360 wrote:
Thanks a bunch.
Sorry, another question: can I reduce the 'net SREC' value by subtracting from it the cost of registering the solar panel facility with the broker, say $50 for PA?
I don't feel comfortable saying yes or no. You can't deduct what would be considered "business expenses", and I feel there is a difference between "you sell for $100 but get a check for $80 because of the broker fee", and "you get a check for $80 but have to write a check for $50 to register your system." In both cases I think the $80 is your income, not $100 but also not $30. However, I don't feel concrete one way or the other, and a different expert may have a different opinion. If audited, the best you can do is have your facts and figures written down, and have a rational explanation for the decisions you made.