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February 3, 2024
Question

Installed an energy efficient heat pump in my primary home in 2023. IRS Form 5695 , line 29 allows for 30% of the cost to be deducted. Why is TT Form allowing $300?

  • February 3, 2024
  • 1 reply
  • 0 views
I want my FULL ALLOWABLE DEDUCTION.  Got a call back from TT, silence for over a minute then hung up.

1 reply

Critter-3
February 3, 2024

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024.

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...