Does anyone know where in ProSeries to report the Energy Communities Tax Credit Bonus of 10% for solar? There is not place in Form 5695 for this additional credit.
Does anyone know where in ProSeries to report the Energy Communities Tax Credit Bonus of 10% for solar? There is not place in Form 5695 for this additional credit.
Is this for the additional % becasue the panels were made in the US?
I saw someone ask about this a week or two ago, I didnt ever see an answer though.....I remember scrolling through the 5695 and didnt see a spot for it.
This TP appears to be eligible for an additional 10% tax credit because he installed solar at his home in West Virginia. He operates a farm on his property. According to https://www.solarholler.com, 52 out of 55 counties in West Virginia can take advantage of the "Energy Community" tax credit, meaning most nonprofits and businesses in the state will see their tax credit jump from 30% to 40%.
I'm just not sure where to claim this additional 10% tax credit or what documentation may be needed to support.
This TP appears to be eligible for an additional 10% tax credit because he installed solar at his home in West Virginia. He operates a farm on his property. According to https://www.solarholler.com, 52 out of 55 counties in West Virginia can take advantage of the "Energy Community" tax credit, meaning most nonprofits and businesses in the state will see their tax credit jump from 30% to 40%.
I'm just not sure where to claim this additional 10% tax credit or what documentation may be needed to support.
Sounds like something on the state return then if it only applies to certain counties in WV.
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