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Level 3
April 12, 2022
Solved

Solar installation on rental property

  • April 12, 2022
  • 1 reply
  • 9 views

My client purchased solar panels for his rental property. Can I use ITC? Can I depreciate the cost?

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Best answer by TaxGuyBill

Yes.

Yes, but 1/2 of the credit reduces Basis.

1 reply

Level 15
April 12, 2022

Yes.

Yes, but 1/2 of the credit reduces Basis.