We installed equipment that qualifies for the Residential Energy Credit (Form 5695).
Several weeks ago, TurboTax showed that this credit zeroed out our Federal taxes owed which seems correct.
Today I reopened our taxes in TurboTax, after updating of course, and now it shows a substantial Federal tax refund. My understanding is that the REC credit is not refundable, so this does not seem correct.
When I remove the REC credit TT shows we owe Federal taxes so the refund seems to be fully generated by the REC credit.
I double checked with IRS documents and REC is not currently refundable.
What is going on here?
Thanks
