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Uses business exp for in-home daycare business. Can taxpayer use part of solar credit for 1120S daycare business?

Jim10
Level 2
 
0 Cheers
2 Comments 2
qbteachmt
Level 15

Am I right in assuming the S Corp does not own the real estate, any improvements, or even the solar generation system?

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TaxGuyBill
Level 15

They are filing a 1120-S for an in-home daycare???

How is it arranged?  How is the corporation paying for expenses for the home?