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Level 2
posted Sep 28, 2022 1:53:55 PM

I installed my solar panels in 2021 before the IRA act was passed. And my business depreciated them using the Tax Cuts and Jobs Act. How to I retroactively use the IRA to get those credits?

I installed my solar panels in 2021 before the IRA act was passed. And my business depreciated them using the Tax Cuts and Jobs Act. How to I retroactively use the IRA to get those credits?

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1 Replies
Level 15
Sep 28, 2022 2:04:05 PM

Sorry but the new law was not made retroactive to 2021 ... only 2022 and forward is covered.