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LeonardS
March 10, 2022

Form 5695 (Residential Energy Credits) is used to calculate tax credits for energy-efficient improvements and alternative energy equipment.

 

To add or remove this form in TurboTax follow these steps:

  1. Open (continue) your return if you don't already have it open.
  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.
  5. Follow the instructions to enter your energy-saving improvement costs.

 

Qualified energy efficiency improvements include the following qualifying products:

  • Energy-efficient exterior windows, doors, and skylights
  • Roofs (metal and asphalt) and roof products
  • Insulation

Residential energy property expenditures include the following qualifying products:

  • Energy-efficient heating and air conditioning systems
  • Water heaters (natural gas, propane or oil)
  • Biomass stoves (qualified biomass fuel property expenditures paid or incurred in taxable years beginning after December 31, 2020, are now part of the residential energy efficient property credit for alternative energy equipment.)

Ref: IRS  Energy Incentives for Individuals: Residential Property Updated Questions and Answers

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