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Get your taxes done using TurboTax
When I look at the 5695 form details in turbotax, I found the error in the 5695 Joint Occupant Residential Energy Costs worksheet. For heat pumps/biomass stoves, the "total maximum eligible costs for column (b) of lines 9-11" should be 6,667, NOT 1,667 as currently in the worksheet. The current 1,667 leads to a max credit of 1,667 x 0.3 = 500 instead of the correct 6,667 x 0.3 = 2000 credit.
When I incorrectly say I don't jointly own the home, the correct credit of 2000 appears, since it bypasses this incorrect joint occupant worksheet.
Can this be corrected?
‎February 29, 2024
10:26 PM