Does anyone know if there’s a limitation on the number of years any unused credit can carryforward?
I hear 5 years and I also hear indefinite (no limit).
My research doesn’t discuss any limitation, but it also does not specify that it’s indefinite.
I believe it’s just a “Residential Energy Efficient Property” credit (form 5695).
The instructions to this form, the form itself, and “TheTaxBook web library” do not discuss carryforward timeframe.
Code Section 25D discusses this credit, but doesn’t really specify carryforward length. It just says carryforward to succeeding taxable year.