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Deductions & credits
@ DTally wrote: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...
Unfortunately, if you're referring to an email about Form 5695, that went out prematurely based solely on the date in an automated system. I wish they wouldn't send the notices until the green checkmarks actually appear in the table below. While the programming of the form may be ready, the program may not actually update until the end of the day or overnight when TurboTax does its weekly updates, usually early Thursday AM. You can use this table to check on it. A green checkmark will appear in the table next to the form once available.