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installed solar 10 years ago & credit never applied

Forum|Forum|3 years ago
March 4, 2023
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If someone installed solar 10 years ago and has never applied for the credit on their taxes, can I and how do I go about getting the credit now? Or has that ship sailed away a long time ago?

I'm assuming I can do an amended return for 2012 when it was installed and probably for the credit through 2021, but then how do I fill out form 5695 for 2022?

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Best answer by MAK70

Unfortunately, it is too late. You would have had to make the original claim on the 2012 tax return and the statute of limitations for claims is three years from the due date or the date of filing so unless special conditions apply, you cannot claim the credit to have it carry forward. In addition, the current credit can be carried back one year and forward for only five years.

M

MAK70Answer

Unfortunately, it is too late. You would have had to make the original claim on the 2012 tax return and the statute of limitations for claims is three years from the due date or the date of filing so unless special conditions apply, you cannot claim the credit to have it carry forward. In addition, the current credit can be carried back one year and forward for only five years.