Your reply about where to enter the cost of a heat pump :
"Enter the cost in the box labeled Energy-Efficient Building Property."
But entering the cost in that box only yields a $300 credit in the tax in Turbo Tax.
However, looking at the IRS Fact Sheet 2022-40 released on December 22, 2022 says that electric heat pumps are eligible for an up to 30% Energy Efficient Home Improvement Credit as a "heat pump is in a category of energy property exempted from both the $600 per item limit and the $1,200 aggregate limit..." The example they give allows a $1,500 credit for a $5,000 heat pump.
Please explain why this is not possible in the Quicken form 5695. I think it needs updating.
Thanks in advance for any help on this!
