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Deductions & credits
Today, 2/7/2024, I received a text from TurboTax that Form 5695 is now available and I could continue working on my filing. I'm using the online version of TurboTax. I tried... It's still showing a credit higher than the allowable amount. The maximum should be $2,000 for a qualifying heat pump (AC/Heating.) I followed the instructions to delete that Form and start over. It still calculated the wrong amount, which is 30% of the cost I specified... which is more than $2,000. I can't file until this is corrected. Why did I receive a text saying the form was available now when it doesn't look like its calculating correctly? Don't know...
‎February 7, 2024
4:44 PM