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posted Jun 1, 2019 6:32:36 AM

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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1 Best answer
Employee Tax Expert
Jun 1, 2019 6:32:38 AM

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

1 Replies
Employee Tax Expert
Jun 1, 2019 6:32:38 AM

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