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bobmatz
January 31, 2024
Question

Is it necessary to file form 5695 residential energy credits if I'm using the standard deduction?

  • January 31, 2024
  • 1 reply
  • 0 views
After entering all of my credits and deductions, including form 5695, TurboTax advised that using the standard deduction would be more beneficial. The IRS is still finalizing this form, delaying my return.  Should I delete form 5695 from my filing?

1 reply

T
Texas Roger
Employee
January 31, 2024

You must file form 5695 to get residential energy credits. The standard deduction vs. itemized deductions is a totally separate issue and not related to getting the credit with form 5695. 

    B
    bobmatzAuthor
    January 31, 2024

    Thank you Roger!

    I guess I'll wait until this form is finalized...

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