I installed a new electric heat pump in 2023 that qualifies for the new home energy credit of 30% up to $2000.
I just installed the new Turbotax and began some preliminary work on 2023 tax return.
Form 5695 doesn't have a specific line for a heat pump, so I used the "qualified biomass fuel property" line to enter my cost ($9143). However, since 30% of my cost is $2743, the form does not limit the credit to $2000 and carries the full amount over into Form 1040, line 20.
Is there something I am not doing correctly about using this form, or is this a calculation update that Turbotax needs to implement?
