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Solar installation on rental property

ingridsorenson
Level 3

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

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TaxGuyBill
Level 15

Yes.

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

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1 Comment 1
TaxGuyBill
Level 15

Yes.

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