Solved: Solar installation started 2019 completed 2020. Pa...
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DJ551
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Solar installation started 2019 completed 2020. Payments made in both years. Completed 2020. Do I do 5635 form both years

 
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Opus 17
Level 15

Solar installation started 2019 completed 2020. Payments made in both years. Completed 2020. Do I do 5635 form both years

You only claim the credit in the year the unit was “placed in service.“  That generally means that the installation was complete, it was inspected, and turned on or ready to be turned on to provide power to your house.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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Opus 17
Level 15

Solar installation started 2019 completed 2020. Payments made in both years. Completed 2020. Do I do 5635 form both years

You only claim the credit in the year the unit was “placed in service.“  That generally means that the installation was complete, it was inspected, and turned on or ready to be turned on to provide power to your house.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

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