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Yes, the amount of tax credit you receive will reduce your basis of rental property.    However, since you are depreciating the solar panel cost basis after the credit separately from the residence, you would not reduce the depreciable basis of the residence itself. You already adjusted the total property basis by reducing the basis of the solar panels.

@luism You are posting to an old thread.   If you are trying to file a past year return--any year earlier than an 2024 return----it cannot be e-filed.  The only way to file it is by mail.  E-filing for any earlier years is closed permanently.   When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

You won't be able to do that within TurboTax program, but you can do it directly on the IRS website here.    In TurboTax, indicate that you will 'pay by check', then go to the IRS website and pay with your cards. Careful to select the correct reason for the payment.     

Si no recibiste un formulario W2, entonces parece que tu ingreso es por trabajo por cuenta propia. Para ingresar el ingreso por cuenta propia:   Abre tu declaración Selecciona Buscar, ingresa anexo c Selecciona el enlace correspondiente. Otra forma de entrar es- ir a Salarios e ingresos y selecciona Empezar o Repasar junto a Ingresos y gastos de trabajo por cuenta propia en Trabajo por cuenta propia. Responde Sí a la pregunta ¿Tuviste ingresos o gastos por trabajos por cuenta propia? Si ya ingresaste trabajo por cuenta propia y necesitas ingresar más, selecciona Agregar otra línea de trabajo. Sigue las instrucciones en pantalla para ingresar tu Anexo C. ¿Qué gastos puedo deducir del trabajo por cuenta propia? Si necesitas información no dudes en contactarnos otravez.    

You should review your fees in your TurboTax account to find out what type of fee you are being charged. Sometimes you start with the Free Edition (which is typically a simple form 1040), but as you enter more complex forms or sections you might be required to upgrade depending on your individual situation.    To locate the fees section, view the link below   How do I review my fees in TurboTax Online?    To see why are you being charged or to remove any non-desirable fees, click on the link below  Why am I being charged for TurboTax Free Edition?  

To use this payment with my refund option:  There is a $40 bank processing fee.   Your federal refund must be enough to cover your TurboTax fees. You must have a US address. You have to e-file. The name on the bank account needs to match the name on the tax return. You'll need to direct deposit your refund into a single account. When the IRS processes your return, the bank that handles the transaction charges a $40 processing fee.  Can I pay with my refund? Can I pay for TurboTax Full Service with my federal tax refund or get an advance on my refund?

@David Hoffer     Postmark by midnight tonight 4-15-2025 or it is too late.   Look at your online account with the IRS to see if they sent you $1400 in 2021. https://www.irs.gov/payments/your-online-account   If you could be claimed as someone else's dependent in 2021, you are not eligible for the payment.   If you were eligible and do not receive a payment soon from the IRS, the other way to get the payment is to amend your 2021 return to use the recovery rebate credit before April 15, 2025.   If you did not file a 2021 return at all, then prepare one and mail it in.   2021   https://www.irs.gov/pub/irs-pdf/i1040gi.pdf     Here is the IRS 2021 Form 1040 https://www.irs.gov/pub/irs-prior/f1040--2021.pdf or if you want bigger type use 1040SR for Seniors, https://www.irs.gov/pub/irs-prior/f1040s--2021.pdf   And 2021 Instructions https://www.irs.gov/pub/irs-prior/i1040gi--2021.pdf 2021 Tax and EIC Tables https://www.irs.gov/pub/irs-prior/i1040tt--2021.pdf Sch 1 : https://www.irs.gov/pub/irs-prior/f1040s1--2021.pdf Sch 2 : https://www.irs.gov/pub/irs-prior/f1040s2--2021.pdf Sch 3 : https://www.irs.gov/pub/irs-prior/f1040s3--2021.pdf    

No, you will file only your individual tax return. All of your income and expense go only on your personal return because a single member limited liability company (SMLLC) is a disregarded entity for the IRS.

If you want to make changes or add a document to a tax return that has already been filed and accepted by the taxing agency, you should follow these guidelines.    You must first wait until the initial return is completely processed. You will have to use the same TurboTax account that you used for the original tax return. Once you begin your amendment, you'll see your original return. The refund calculator will start new at $0 and only reflect the changes in the refund or tax due Only make changes to the areas of your return that need to be corrected. You have three years from the date you filed your return or two years after you paid the tax due (whichever is later) to file an amendment Select your product below and follow the instructions.  Amend TurboTax Online  Amend TurboTax CD/Download