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Tax law changes
Thank you, Amy -
I have completed form 5695 for the solar panel project and it has calculated the 30% number for the tax credit.
Schedule 3, part 1, line 5 has this amount.
This amount is also on line 20 of Form 1040.
However, for some reason Turbo Tax is treating it as a refundable credit instead of reducing my tax owed to $0 from the credit.
I must be missing something...
Thank you for your help.
‎February 11, 2023
11:52 AM