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jmill4
March 27, 2024
Solved

Solar Credits question

  • March 27, 2024
  • 1 reply
  • 0 views

If I had a solar panel system installed on my house this year, and i've filled out the proper forms, do i also need to include my invoice or receipt for the installment?

    Best answer by RobertB4444

    No.  But you need to make certain that you save it incase you are questioned on it later.

     

    @jmill4 

    1 reply

    R
    RobertB4444Answer
    March 27, 2024

    No.  But you need to make certain that you save it incase you are questioned on it later.

     

    @jmill4 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    J
    jmill4Author
    March 27, 2024

    how will I go about applying the carryover next year. I didn't get the full 30% back this year, and i assume it carries over to next year?

    M
    MinhT1
    March 27, 2024

    The excess credit is carried forward to future tax years.

     

    TurboTax will carry forward the credit for you and use it if applicable in future years.

     

    You don't need to provide any more information in future years.

     

    See this IRS document.

     

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