turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Has my "Residential Energy Credits" Form 5695 ship sailed out to sea on my rental?

Scenario, my condo, I am living there. 

New windows on      8/10/2016 for 3700

New patio door on 9/30/2019  for  2880

Never took deduction for Residential Energy Credits.    I move outfall 2020.

I rent it in 2021.

Just finished my 2021 return, filed it yesterday , did not attempt to take these deductions, am I dead in the water here? or could I attempt to take these deductions next year? Had new patio door put in last year in my new place for 5477, took the deduction yesterday,  knocked off 500 bucks off my amount due, impressive!

This is worth the chase.

Thanks much,

Steven F.

 

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Expert Alumni

Has my "Residential Energy Credits" Form 5695 ship sailed out to sea on my rental?

You can't deduct the windows or door directly since since you weren't renting the house when you installed them. You can add them to the cost basis of the house which you can depreciate and you will get a small deduction for them each year you have the house rented.

 

The windows may have been eligible for an energy credit, but you would have had to have claimed that back in 2016, and you can't amend that return since you can't amend a return beyond three years from the due date.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies