josephfolsomcpa
Level 4

Regarding the solar investment tax credit for businesses, I understand that the credit is 26% of the qualified solar property and also that the basis in the business solar equipment has to be reduced by 50% of the tax credit from reading various articles. I can't seem to find the IRC code section or a publication that states that basis has to be reduced by 50% of the tax credit. Where can I find an actual IRS document that says this?

0 Cheers