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Business & farm
The form will not delete due to the carryover. The Solar Tax Credit rollover will let you roll the tax credit back one year or carry it forward for up to five years. However, you can only use the carryover to reduce money owed to the IRS and not to increase a refund. Therefore, if you have a year you do not owe, the credit will continue to roll over to each following year until it is used up or until the five years have been exceeded. The form will remain on your return to reflect the remaining credit even if the credit is not being used for that year. You do not want to remove the form until the carryover credit has been used or is no longer valid.
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February 8, 2023
6:04 AM