pbk51
Level 2
Thursday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can someone please advise- how do I process the Residential Credit? My client had installment home improvements on her home in 2022, finance a contract from a company with a 25 years term. Roof $11,745 and Solar Panel system. (Solar Equipment) $27165.00. However,the company gave her 2 loan which at .99% $44,336 and the other $27,165 Total =$77901. It was claimed on her last 2023 tax returns (27,165 x30% ) credit within the limitation amt.However, I am not sure how to carryover the rest because Proconnect doesnt offer that feature. Confused! Is there any carry over at all? Thank you.