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Where do i enter srec payments

 
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Where do i enter srec payments

Enter it as Miscellaneous income, as in the below screenshot.

Here is an article, for your perusal, that states whether SREC should be taxable:

http://www.rodmancpa.com/are-solar-renewable-energy-credits-taxable

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3 Replies

Where do i enter srec payments

Enter it as Miscellaneous income, as in the below screenshot.

Here is an article, for your perusal, that states whether SREC should be taxable:

http://www.rodmancpa.com/are-solar-renewable-energy-credits-taxable

tjwillard
New Member

Where do i enter srec payments

If the SRECs are reported on a 1099-MISC, things get more complicated.  There are no options for the type of income that match, and when you select "None", TT starts treating it like business income. So, you have to fudge it and report as something like "prize winnings".

Where do i enter srec payments

I've been entering them into Quicken as an offset to my electricity bill.  I figured I'd not worry about them unless they exceeded my electricity bill.
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