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Get your taxes done using TurboTax
@spudmill69 wrote:
Thank you. That's what I was told from the installing company. On line 29 of form 5695 it shows only $1,188 for non-business energy tax credit. Do you have any idea where I might be going wrong?
Doubtful you are doing anything wrong. The TurboTax program follows the rules for Form 5695 as shown in the Form 5695 instructions so only the credit which reduces your tax liability to zero is entered on the Form 5695.
For Line 29 on Form 5695 the worksheet for Line 29 is used. Go to the Form 5695 Instructions on page 7 for the Line 29 Nonbusiness Energy Property Credit Limit Worksheet - https://www.irs.gov/pub/irs-pdf/i5695.pdf#page=7
The amount from Form 5695 Line 30 flows to Schedule 3 Line 5. The amount from Schedule 3 Part I Line 8 flows to the Form 1040 Line 20