You'll need to sign in or create an account to connect with an expert.
The credit is used against your total tax liability. If your tax liability is $10,000 and your solar tax credit is $9,000, the total credit is used, it cannot be split between two tax years.
DoninGA,
Yeah, that's what I gathered from the way the tax credit form 5695 is structured. Too bad but I guess I'll just take the full credit this year and work next year when it comes.
Thanks
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
jspeet
New Member
Detour2
New Member
LindaWC
Level 2
juham2013
Level 2
sebastianf10-gma
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.