You'll need to sign in or create an account to connect with an expert.
No.
The rebate is considered as a reduction of your purchase price.
It's not taxable income, it's a reduction of the cost.
If you are claiming energy saving credits, or the property is used as a rental and you must depreciate the property as an asset, you would use the lower cost to calculate the credit or the depreciation.
It would only ever be taxable income if the amount of the rebate was more than you paid for the property.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
pearl12970
Level 4
weaslebub
Level 2
Eric-td
Returning Member
dcheng728-gmail-
New Member
gilliam4investor
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.