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April 11, 2024
Question

Qualified Trade or Business under Section 199A - Residential Solar Power Production (221114)

  • April 11, 2024
  • 1 reply
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My wife received a 1099-MISC from our local power company for power they purchased from our residential solar production.   For Schedule C, Is this considered a Qualified Trade or Business under 199A?

 

Thanks.

    1 reply

    Employee
    April 16, 2024

    It is unlikely that you are in a business or trade of selling electric power. Therefore, the income should not be reported on Schedule C. It should be reported as Other Income. 

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