ILLMAS Posted March 3, 2017 Report Posted March 3, 2017 I would appreciate it if someone can help me with this scenario: TP paid $60K to have solar panels installed, back in 2015 TP was using 75% of the building for personal use, in 2016 it went from 75% to 50% personal use (residence), so I would have to take $60K x 50% = $30K x 30% (residential energy credit) = $9K, and on the Sch E I would just depreciate $30K over 5 or 7 years? Also in ATX which asset sub-category would I use for the business portion? Thanks Quote
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