BrittanyS
Expert Alumni

Deductions & credits

The carryforward is available for the Home Energy Credit.  After further review, the biomass stove falls under the home improvement credit.  Per the IRS, "The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years."  Since the biomass does not fall under the home energy credit and is considered a home improvement, it does not qualify for the carryforward.  However, any additional improvements can still qualify if they occur in a new tax year.  See the link below for additional information:

 

@secane6-q 
 

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