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Deductions & credits
It does not appear that the Form 5695, Residential Energy Credits for tax year 2023 was updated yet to reflect the 30% credit up to $2,000.00 on qualified heat pumps. TurboTax indicated the finalized update would be available on 01/10/2024, but this morning's updates did not include those revisions to form 5695. There doesn't appear to be an ability to enter line 29a on form 5695 for 2023 where you are asked to enter the cost of electric or natural gas heat pumps. Am I missing something? Thanks
‎January 11, 2024
8:51 AM