Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Tesla Solar Panels with Two Powerwalls - Form 5695
Tesla Solar Panels with Two Powerwalls - Form 5695
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
NOCOCPA
Level 1
04-08-2022
04:35 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A client's son has presented us with a receipt for installation of Tesla solar panels and two Powerwalls on his father's home in 2021.
The invoice description simply says "Solar System - Powerwall - Hardware and Labor."
I know that we report this on screen 38.2. The related Form 5695, Line 1 asks for "qualified solar electric property costs" and Line 8 asks for "qualified fuel cell property costs."
1. Do I need to ask the client's son to contact Tesla for a more detailed receipt that breaks out the cost of the solar panels, Powerwalls, and labor?
2. Am I correct in assuming that a Powerwall is a "qualified fuel cell property"?
Client is deceased and do not want to trouble surviving son unnecessarily. Thoughts?
Labels
