Max W Posted February 10, 2021 Report Share Posted February 10, 2021 Client owns a multi unit rental property and he occupies about 40% of it as his residence and wants to install solar panels this year. I just want to be sure I am not overlooking something here with all the recent tax changes. so is this correct? He would get a 26% credit on his portion of the building, and the remainder of the investment would be depreciated over 5 yrs./MACRS, with the credit being taken by the installer. The credit on the residential part reduces the basis on that part of the building. TIA Quote Link to comment Share on other sites More sharing options...
Lion EA Posted February 10, 2021 Report Share Posted February 10, 2021 The installer doesn't get the credit unless the installer is the owner. Quote Link to comment Share on other sites More sharing options...
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