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x00ptb
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Form 5695

I have over 12,000 that should qualify for energy efficient credit but can only receive 1200. Can I carry this over ?  And if so what do I do?

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2 Replies

Form 5695

There are 3 separate credits, make sure you enter your improvements in the correct section.  But for the most part, there is a $1200 cap and it does not carry over. 

 

 

 

Solar panels, geothermal energy, wind power, fuel cells 30%, no maximum, can carry over
Windows, doors, insulation, and other energy saving improvements  30%, cap of $1200, sub-caps on certain categories,  does not carry over
Efficient appliances (furnace, boiler, A/C, hot water heater) 30%, cap of $600, falls under same overall $1200 cap as above, except there is a $2000 cap for a fuel pump or biomass stove, does not carry over
x00ptb
New Member

Form 5695

Yes, that answered  my question.  Thank you. 

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