turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Residential Clean Energy Credit Delay Carryfoward?

I have excess residential clean energy credits that can be carried forward to reduce tax burdens. However, for 2024 I don't have any tax liabilities that a standard deduction doesn't already cover.

 

My question is can I save the credits carried forward from last year for 2025 or future years when it's necessary? I'm referring to Form 5695 lines 14 and 15 - can I put $0.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AmyC
Expert Alumni

Residential Clean Energy Credit Delay Carryfoward?

The Instructions for Form 5695 state: 

Complete the following worksheet to figure the amount to enter on line 14.

 

Line 16

If you can't use all of the credit because of the tax liability limit (that is, line 14 is less than line 13), you can carry the unused portion of the credit to 2025.

File this form even if you can't use any of your credit in 2024.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question