Deductions & credits
If you shared the costs of the heat pump for your home with a co-owner, other than your spouse, you will need to wait for the Joint Occupant form to be updated to reflect the 2023 credit amount. The total costs paid by all owners is needed to calculate your portion of the credit. Sign up for Form 5695 notifications.
If you did not share the costs of the heat pump with any co-owner, then you do not need the Joint Occupant form, so you can:
- Uncheck the box at the top of Form 5695 and
- Delete the Joint Occupant form.
This will put the credit (with 2023 limits) on your return, and you can file. The Joint Occupant page has the issue, but you only need it if you shared the costs of the heat pump with other co-owner(s). The box at the top of Form 5695 is what triggers the Joint Occupant form. If you delete while the checkmark is still there, it will regenerate.
You can delete the checkmark in Forms Mode, but if you are using TurboTax Online, you need to return to the interview (it's the first question) and answer NO.
From the Instructions for Form 5695: If you owned your home jointly with someone other than your spouse, each owner must complete their own Form 5695 to figure the credit.
If you paid the full amount, the multiplier is 1, so no allocation is needed.
The credit limit for heat pumps still needs to be updated on the Joint Occupant form, but if you don't need it, you can delete it and file your tax return.
If the box at the top of Form 5695 (Check this box if you occupied your home jointly and shared the cost of any qualifying property or Improvements (not applicable if the other person is your spouse, and you file jointly)) is checked, the Joint Occupant form is required, and you will need to wait until it is updated. Sign up for notification here.
