Deductions & credits
No, if you have a tax liability, you can use the credit carry forward.
In order to ensure the carry forward is entered into your return:
- Go to the Federal section
- Select "Deductions & Credits"
- Scroll through all tax breaks until you see the section titled "Your Home."
- To the right of "Home Energy Credits", select revisit
Answer the questions as prompted. You will get to a screen which starts asking for information regarding carryforwards from prior years. Enter the information as it applies to your situation.
Pay attention to the questions as they start with 2019 information and then go into improvements from prior years. The information requested for the prior years will show you the year, Form 5695, and the applicable line number.
