Shirley77
Level 3
02-13-2021
11:45 AM
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Energy credit carryover from prior years is not working for credits used in prior years on 2020 return.
Once the $500 limitation is reached in a prior year, does the program not carryover anymore?
Solved! Go to Solution.
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qbteachmt
Level 15
02-13-2021
12:49 PM
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The Limit is, well, a limit.
"If the total of any nonbusiness energy property credits you have taken in previous years (after 2005) is more than $500, you generally can't take the credit in 2020."
https://www.irs.gov/pub/irs-pdf/i5695.pdf
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