Skip to main content
November 17, 2019
Question

Can a home business use the MACRS and Bonus depreciation for solar panel installation? If so, how is it entered in TurboTax Home and Business?

  • November 17, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Critter
Employee
November 18, 2019

MACRS & Bonus Dep  are not separate items ... you enter an asset in the program then the correct options for depreciation will be presented.    For the home office the solar is added as an asset in the OIH section ... just  like the home itself and the cost basis is reduced by any solar credit taken.