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Level 2
March 10, 2020
Solved

What are the limitation for the residential energy credits- Form 5695 for Qualified Solar Electricity? Is it based on tax liability and CTC?

  • March 10, 2020
  • 1 reply
  • 17 views
My client has a $9,207 credit on line 13, yet line 16. states  its a carryforward to 2020????
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Best answer by Just-Lisa-Now-

It can only reduce tax liability (it cant be refunded), if no liability, then it carries forward.

1 reply

Just-Lisa-Now-
Intuit Community Champion
March 10, 2020

It can only reduce tax liability (it cant be refunded), if no liability, then it carries forward.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 2
March 14, 2020

Thank you so very much for your prompt reply.  It was a big help without having to research.