BobKamman
Level 15
03-17-2022
12:53 PM
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But not your clients, right? Because they always call you first before making tax-related decisions.
Solar is a worthy cause, but a $30,000 system is priced at $40,000 as soon as a $10,000 tax credit is offered. I just had a client who bought one and then converted a chunk of IRA money to a Roth, so that his tax liability would use up the credit. Not something I would have suggested, but in this particular case I wouldn't condemn it. Then there is the client with a $6,000 carryover credit and no taxable income for the rest of her retirement life.