turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

smousseau
New Member

Do I take the Energy Improvement Credit in the year they were completed or when they are billed/paid? And what if the costs were financed?

The work was done the last week of December 2021 and not billed until 2022.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Do I take the Energy Improvement Credit in the year they were completed or when they are billed/paid? And what if the costs were financed?

Billing is immaterial along with when the bill is actually paid.   What counts is when the system became operational and passed inspection.  

smousseau
New Member

Do I take the Energy Improvement Credit in the year they were completed or when they are billed/paid? And what if the costs were financed?

Thank you!

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies