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Deductions & credits
If you reported it in 2018 and you could not take the deduction (see below), you may be able to carry it over to the following year (2019). Did you report it on your 2018 tax return? If you did and a carryover was generated, then yes, you can use the carryover amount on your 2019 return. If you did not report in the year you made the expenditure (2018), then you would need to file an amended 2018 tax return to claim the credit or carryover for the following year.
There are times when you can't take the credit in the current year:
- Your income is at a level that's not taxed at all.
- You're getting other tax credits that have reduced your tax owed to zero.
If your credit can be carried forward to next year, we'll do that for you. Related Information:
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‎June 22, 2020
5:24 PM