topic Where do i enter srec payments in Get your taxes done using TurboTax

Where do i enter srec payments

hillsobrown — Mon, 03 Jun 2019 23:23:05 GMT

Enter it as Miscellaneous income, as in the below screens...

CherylW — Mon, 03 Jun 2019 23:23:07 GMT

Enter it as Miscellaneous income, as in the below screenshot.

Here is an article, for your perusal, that states whether SREC should be taxable:

http://www.rodmancpa.com/are-solar-renewable-energy-credits-taxable

If the SRECs are reported on a 1099-MISC, things get more...

tjwillard — Mon, 03 Jun 2019 23:23:09 GMT

If the SRECs are reported on a 1099-MISC, things get more complicated. There are no options for the type of income that match, and when you select "None", TT starts treating it like business income. So, you have to fudge it and report as something like "prize winnings".

I've been entering them into Quicken as an offset to my e...

BruceBenson — Mon, 03 Jun 2019 23:23:12 GMT

I've been entering them into Quicken as an offset to my electricity bill. I figured I'd not worry about them unless they exceeded my electricity bill.