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April 5, 2023
Question

Hello. I would be grateful if someone could share with me how to capture form 5695?

  • April 5, 2023
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April 5, 2023

In 2022, the Residential Energy Efficient Property (REEP) credit was enhanced and renamed the Residential Clean Energy (RCE) credit. 

  • The RCE credit replaces the REEP credit beginning with the 2022 tax year and runs through 2032 at its full amount with reduced amounts in 2033 and 2034.
  • Both of these credit will continue to use Form 5695 Residential Energy Credits to calculate your credit and record any available carryover to the following year.

To add Form 5695:

  1. Open or continue your return
  2. Inside TurboTax, search for this exact phrase including the comma and spaces: 5695, residential energy credit
  3. Select the Jump to link in your search results
  4. At the bottom of the Energy-Saving Home Improvements screen, answer Yes, then select Continue
    • To delete the 5695, answer No, select Continue, and then answer Yes on the following screen to confirm the deletion
  5. Follow the instructions to enter your energy-saving improvement costs
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