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Credits are used in a specific order ... non refundable credits first (those who cannot be carried forward) and then credits that can be carried forward. So the EV credit will be used first leaving some/all of the solar credit to be carried forwarded.
Thanks. So turbotax will automatically do that, and the IRS will allow it? I was afraid they might be taken proportionally.
The tax forms impose this ordering so that the nonrefundable credits that do not carry forward are applied first, and TurboTax prepares the tax forms correctly. So not only does the IRS allow it, the IRS requires it.
Yay! Thanks so much.
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