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Level 1
March 24, 2021
Solved

Can non-business energy property credits be carried forward if not usable in the current year?

  • March 24, 2021
  • 1 reply
  • 18 views
My client did not have sufficient income this year to generate a tax liability.  Consequently, the non-refundable non-business energy property credit they earned is not usable this year.  I have not been able to find authoritative guidance on whether it may be carried forward.
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Best answer by PKCPAMST

A taxpayer may not carry forward the Sec 25C nonbusiness energy property credit.

1 reply

PKCPAMSTAnswer
Level 6
March 24, 2021

A taxpayer may not carry forward the Sec 25C nonbusiness energy property credit.