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jlucius1
New Member

Federal solar energy credit received 2016 on full price of installation. Cash back incentive received from solar company 2017. How do I report it?

 
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PaulaM
Employee Tax Expert

Federal solar energy credit received 2016 on full price of installation. Cash back incentive received from solar company 2017. How do I report it?

Receiving the cash back incentive on a credit already reported would require an amendment of your 2016 tax return. 

The costs that were entered on line 1 or 2 of the Form 5695 of the credit would be reduced by the amount of cash back incentive, and the credit refigured.

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

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1 Reply
PaulaM
Employee Tax Expert

Federal solar energy credit received 2016 on full price of installation. Cash back incentive received from solar company 2017. How do I report it?

Receiving the cash back incentive on a credit already reported would require an amendment of your 2016 tax return. 

The costs that were entered on line 1 or 2 of the Form 5695 of the credit would be reduced by the amount of cash back incentive, and the credit refigured.

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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