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Solar Tax credit not working correctly in Turbotax?
I was doing my taxes in Turbo tax. Was about done. I was going to owe $200 for 2023.
I then realized I didn't enter the information for my solar panel installation. I went into the wizard and entered the $25,800 for the cost of my solar panel installation.
Now I am getting a refund of $7,500?
I though the solar tax credit was not refundable, so I was expecting the amount due to be $0, with a carryover.
Any ideas on what might be happening? On form 5695, line one has the install of $25,800. 6b has $7,740. Where might the enter the smaller of, be applied?
‎February 20, 2024
2:10 PM