Credit carry forward form 5695

[spudmill69]

I installed solar panels in 2019 and received a Credit carry forward of $18,235.  2021 is the first year I've actually had to pay taxes. Hopefully I'm doing something wrong because on line 12 of form 5695 it shows $1,858.  Am I mistaken that I can't apply as much as needed to cover income taxes this year? Thanks.

[ThomasM125]

Line 12 of form 5695 would be your unused credit carryforward from the previous year. I suggest you go back to your 2019 tax return and review the form 5695 for that year and 2020 to see how the credit was applied.

[spudmill69]

Thanks for your advice.  It didn't change in 2019 and 2020 because I didn't make enough income to have to pay taxes.  I'm semi-retired but made enough money in 2021 to have a tax liability. Thanks again.