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Deductions & credits
@iridiumbear I just completed a Form 5695 for the Home Energy Credit. Entered $35,000 for the cost of installing a solar electric system on the home. The 30% credit of $10,500 was calculated on the Form 5695 and entered on Line 15 of the 5695. This amount flowed to the Schedule 3 Line 5a. The total of Schedule 3 Part 1 Line 8 flowed to the Form 1040 Line 20 which shows the $10,500 credit.
‎January 17, 2025
10:35 AM