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Deductions & credits
As of February 9, the IRS instructions for 5695 allow the credit for certain heat pumps to be taken on a home within the US, not necessarily the main home. In fact, the form asks for addresses of all homes where the equipment was installed. However, TurboTax still will not allow the form to be completed unless it is checked that the improvement is in the main home.
TurboTax website says the form is ready, but the program appears to be mistaken. The IRS clearly separates this credit in Part II of 5695 from the requirement to be in the main home. How can we get TurboTax to recognize the problem and follow the IRS instructions?
‎February 9, 2024
5:44 AM