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Solar Tax Credits.
I installed and started using a solar panel system on my primary residence this year, (2023). I qualify for the 30% residential energy tax credit.
Question: When I entered this information into the 2023 Premier TurboTax program, it indicated I couldn't use these tax credits until the 2024 tax year. Is this right...that I can't use these tax credits for the 2023 tax year? In reading the IRS website it suggests tax credits can be used in the same year they are earned.
Thank you.
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‎November 28, 2023
5:28 AM