Marie Posted March 30, 2021 Report Share Posted March 30, 2021 Taxpayer put solar panels on his house in 2020, qualified for the residential 26% credit. Couldn't use a lot of credits this year, I think it was misrepresented, but that subject has been discussed. Now he wants to sell his home. What happens to the left over credits? He gets to keep using? Can he sell to the new buyers? Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted March 31, 2021 Report Share Posted March 31, 2021 21 hours ago, Marie said: He gets to keep using? Can he sell to the new buyers? I haven't seen that situation addressed before. I don't believe it is a transferable credit. Also not aware of any provision of tax law that would prevent carryforward by original owner. Quote Link to comment Share on other sites More sharing options...
KATHERINE Posted April 1, 2021 Report Share Posted April 1, 2021 Hi Marie, I think you can carry to future to use, because if he had enough tax liability, then he could use them all. So, he is the owner of the credits, he sold the house including the equipment, but since it was not new, the new owner cannot take it because it was not installed by the new owner. How do you think? Quote Link to comment Share on other sites More sharing options...
Marie Posted April 19, 2021 Author Report Share Posted April 19, 2021 On 4/1/2021 at 1:47 PM, KATHERINE said: Hi Marie, I think you can carry to future to use, because if he had enough tax liability, then he could use them all. So, he is the owner of the credits, he sold the house including the equipment, but since it was not new, the new owner cannot take it because it was not installed by the new owner. How do you think? sounds good , thank you Quote Link to comment Share on other sites More sharing options...
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