I just entered the information for our new energy efficient hot water heater installed in 2023 which on IRS Form 5695 is Part II of Energy Credits, Residential Property. Turbo tax is granting me the full 30% credit of the total cost, but according to Form 5695 Section B Line 23b, the credit shall not exceed $600. My cost is $4,632 and Turbo Tax states my credit is $1,390. Am I correct that this is not calculating correctly, or am I
missing something?
