energy tax credit for home solar panels. Can this credit be carried forward and/or backward years?
That is a difficult question, because it depends on your specific situation. In general many tax credits can be carried forward. You may want to ask this question in the Business section, they have a tax category.
That is a difficult question, because it depends on your specific situation. In general many tax credits can be carried forward. You may want to ask this question in the Business section, they have a tax category.
References :
Comment by whsgreenmom — May 27, 2009 @ 3:39 am
I doubt it can be carried backward, as this would be functionally the same as saying the credit was refundable in most cases.
As to whether it can be carried forward, try looking on the irs.gov site for form 5695. You can also ask the IRS directly from that site.
References :
Comment by roderick_young — May 27, 2009 @ 4:14 am