Solved: energy credit carryover

Shirley77 · ‎02-13-2021

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?

qbteachmt · ‎02-13-2021

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

*******************************
"Level Up" is a gaming function, not a real life function.

View solution in original post

qbteachmt · ‎02-13-2021

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

*******************************
"Level Up" is a gaming function, not a real life function.

energy credit carryover

©1997-2023 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.