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

[lucerolucy]

My client has a $9,207 credit on line 13, yet line 16. states  its a carryforward to 2020????

[Just-Lisa-Now- · Accepted solution]

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

[lucerolucy]

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

[pnsmwagner]

what is CTC, 

[qbteachmt]

@pnsmwagner 

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer using TurboTax. Please visit the TurboTax Help site for support.

And try this screen, for the various topics (subforums): https://ttlc.intuit.com/community/discussions/discussion/03/302

Your sign in user info here is the same one you can use over at the TurboTax forum.

Thanks.

[dkh]

@pnsmwagner   CTC    = Child Tax Credit