fesemagu
Level 3
02-10-2023
10:29 AM
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A taxpayer has a residential energy credit of $14,233.00. His tax liability is $9,523.00.
Will the energy credit balance be a carryover to the next tax season? If it is, will the tax program automatically calculate it for the taxpayer next year?
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The-Tax-Lady
Level 9
02-10-2023
07:15 PM
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That was a great letter to Mr. Rettig, which I saw on Procedurally Taxing, and it must have lit the fire under somebody at the IRS, considering the actual guidance they issued in record time.
Great work, thanks👏
taxes96786
Level 9
02-10-2023
11:02 PM
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It will carryover until used up. The program will carry it over but I would review the form each year just to be sure it is correct.
fesemagu
Level 3
02-11-2023
09:05 AM
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Thanks for the quick response.
