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Residential Energy Credit imposing lifetime limit - should not be for 2023
Hopefully this gets to TurboTax Staff
In desktop version, Residential Energy Credit is generating $0 for 2023 qualified improvements, due to $500 lifetime limit calculated from credits I claimed in 2011 and 2013.
Per IRS instructions, for in-service dates of 2023-2033, annual limits apply, but no lifetime limits. This needs to be addressed in the software.
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‎January 12, 2024
8:35 AM