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Can the bowworer and co borrower split the solar tax credit?

Also can the co borrower claim the carry forward credit from the main borrower?

 

The main borrower is son in law and co borrower is mother in law living in the same home. 

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4 Replies

Can the bowworer and co borrower split the solar tax credit?

Yes the credit can be split  but NO the carryover from one person cannot be moved to the other person. 

Can the bowworer and co borrower split the solar tax credit?

So the borrower already claimed there portion in 2017 and the rest went to carry forward line. That was never used in 2018. How can the co borrower go about claiming the carry forward amount?

Can the bowworer and co borrower split the solar tax credit?

Also co borrower never claimed any credits yet. 

 

So basically can I just split the amount the purchase was and enter into the co borrower taxes?

Can the bowworer and co borrower split the solar tax credit?

Ok ... so the credit  belonged on the 2017 return and only one person claimed 1/2 the expense on their 2017 return  and they could not use it up on the 2017 or 2018 return so they now have a carryover to 2019.  The other person CANNOT pick up the first person's carryover on the 2019 return. 

 

What the second party needs to do is amend the 2017 return to claim their 1/2 of the cost on their 2017 return then if there is a carry over they MUST amend the 2018 return ... then if there is still some carryover they can carry their own carryover to their own 2019 return.  

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