Tentman
Level 3

Can the credit be claimed for cost financed?  I have a client that paid zero cost in 2020, solar equipment was installed in November of 2020.  There is a financed amount of $37,556.  If I enter the amount financed in proseries a credit of 26% is calculated, and taxes withheld are refunded; it seems way to good to be true.

Any advice will be very much appreciated.

Thanks

The Tentman

0 Cheers
Just-Lisa-Now-
Level 15
Level 15
Financed is the same as paying for it...most people dont pony up the amount for solar, they finance it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
PATAX
Level 15

Lisa hit the nail on the head... I am preparing a return with this now...

Tentman
Level 3

Thank you for your response.  It does seem too good to be true.

tentman

PATAX
Level 15

You sure are right about that tent man... Just another social program run through the tax returns...