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June 6, 2019
Question

Can I claim the interest if the loan from my solar panel installation is paid through my property taxes

  • June 6, 2019
  • 1 reply
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1 reply

Employee
June 6, 2019

You can treat the interest payments (only) as though the interest was paid on a second mortgage for home improvements on your property.

If you are deducting sales tax expense instead of state income tax, you can also deduct the sales tax related to the installation of your Solar Panels. You would report it as a major purchase.

Please look at the following excellent answer by TurboTaxDeeS:

https://ttlc.intuit.com/replies/5949291