Hello,
Can you please tell me what version of turbotax do I need to use to file 2020 tax return (I mean Deluxe, Premier or Business) as I don't see where can I enter income reported for SREC in state of NJ on turbotax. Please let me know...thanks
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Anyone Support personnel, can you let me know???
You can use any version of TurboTax to enter the SREC income from NJ. Enter the income as Miscellaneous Income using these steps:
Thanks you.
Hi there - bringing this old thread back to life with a new question about SRECs. I received $1,600 in SRECs this year, which I will claim on my taxes (I will not be receiving a 1099 for this income, according to the company that bough the SRECs from me). However, I also had $1,495 worth of repairs to my system in January (I had to replace my inverter), so my net income after repair costs was only $105.
Can I deduct the repair costs from the income? And if so, how do I do this? Do I just claim $105 as Miscellaneous Incme somewhere? Or is there a different way to show it?
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