Forums

cash incentives from power companys taxable?

cash incentives from power companys taxable?

We installed 2 powerwalls in Vermont. Green mountain electric gave us a check for $9000.00 to offset cost of installation. they can use our powerwalls when they need power in peak demand times. my question is would the $9000.00 have to be reported when I file my income tax's ?

jrweiss98020 | 21 dicembre 2019

If it's taxable, they will send you a 1099 by the end of January.