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Deductions & credits
I incurred energy expenses for furnaces, hot water tank, etc. in 2018. When doing 2018 taxes, Turbo Tax did not generate a 5695 because legislation was not approved. so on my 2019 return, I could not list the amount of energy expenses as a carryover from a 2018 5695. I tried doing an amended 2018 return. When I enter the energy expenses, it says my credit is zero. However, if I try it in the 2019 software, my credit is $450.00. I don't think it is proper to enter a 2018 expense in 2019 return unless I had a carryover from 2018 that was actually on a 2018 5695 form. What should I do?
‎April 20, 2020
1:48 AM