We installed solar panels this year that tie into our City's grid. They gave us a rebate of $1500. Can I deduct the total amount of the contract, or do I have to deduct the $1500 on my federal return?
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No, you cannot claim the full amount. You must deduct the $1500 from the total amount of the contract.
No, you cannot claim the full amount. You must deduct the $1500 from the total amount of the contract.
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