3 ms·
This is a good first start, but won't work for everyone. E.g. we got a new roof with solar. The solar is tax deductible. But is the roof? My options are (a) no
by cjensen 4y ago
This is a good first start, but won't work for everyone. E.g. we got a new roof with solar. The solar is tax deductible. But is the roof? My options are (a) no (b) the portion with solar on top (c) all. Asking around, different people have taken different options, and no option is un-taken.
Option (c) will probably never get audited and we all know it. I won't be taking it.
- Arborealist 4y agoThey can generate 95% of returns completely accurately. For people with advanced situations they can feel free to file their own correct copy or pay an accountant. People wanting to deduct their charitable contributions should have to work harder to do that. I shouldn’t be inconvenienced because of that. Of course if they did that you wouldn’t need 80K new feds, and since they tend to vote lockstep for more endless government, well it’s quite convenient isn’t it?
- sys_64738 4y agoSolar power shouldn’t be tax deductible. This is another part of the problem.
- greedo 4y agoHe was just illustrating the complexity. The tax code has tons of incentives for every Congresscritter's pet project.