Electric vehicle credit is limited to the current year, can you elect to use the vehicle credit first therefore allowing the REEP credit to carryover.

sp · ‎12-06-2019

client does not have enough tax to use both electric vehicle credit and residential solar credit. Can he elect to take the vehicle credit first then carryover the REEP Credit?

TaxGuyBill · ‎12-06-2019

There is no election, but if I remember correctly, the ordering depends on if it is a business or personal credit.

George4Tacks · ‎12-06-2019

I agree with TaxGuyBill. Lacerte does a good job ordering the credits and I think you will get your wish.

Answers are easy. Questions are hard!

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