dbassociates
Level 1
03-13-2021
09:46 AM
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Level 15
03-13-2021
10:11 AM
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Here is a site that may help:
jeffmcpa2010
Level 11
03-13-2021
10:14 AM
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Did they get a 1099 or any other statement indicating that there is TAXABLE income?
With the little information provided I will reference what we have/had in my state where power companies were required to purchase excess residential solar power from a qualified homeowner's system.
Never thought about this before, but I have not seen anyone report the payment from that - it just went to paying down the loan they took out to install the solar.
not sure if that helps at all.
jeffmcpa2010
Level 11
03-13-2021
10:16 AM
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never mind
Terry had better information