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Get your taxes done using TurboTax
The Nonbusiness Energy Property Credit which includes insulation, energy-efficient exterior windows and doors, and certain roofs plus high-efficiency heating and air-conditioning systems, high-efficiency water heaters and stoves that burn biomass fuel expired at the end of 2017.
As of this date the Congress has not renewed the credit for tax year 2018.
TurboTax has left the credit on the Form 5695 when viewed using Forms mode in case Congress approves the credit for 2018. The actual Form 5695 sent to the IRS when the tax return is filed will be the IRS approved 5695 for tax year 2018 - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f5695.pdf">https://www.irs.gov/pub/irs-pdf/f5695.pdf</a>
The Residential Energy Efficient Property Credit which includes includes solar hot water heaters, solar electric equipment, wind turbines and fuel cell property is available for tax year 2018. Form 5695 is used for this credit.
As of this date the Congress has not renewed the credit for tax year 2018.
TurboTax has left the credit on the Form 5695 when viewed using Forms mode in case Congress approves the credit for 2018. The actual Form 5695 sent to the IRS when the tax return is filed will be the IRS approved 5695 for tax year 2018 - <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/f5695.pdf">https://www.irs.gov/pub/irs-pdf/f5695.pdf</a>
The Residential Energy Efficient Property Credit which includes includes solar hot water heaters, solar electric equipment, wind turbines and fuel cell property is available for tax year 2018. Form 5695 is used for this credit.
‎June 3, 2019
10:33 AM