topic Residential Energy Credit imposing lifetime limit - should not be for 2023 in Deductions & credits

Residential Energy Credit imposing lifetime limit - should not be for 2023

MoraMrk — Tue, 10 Feb 2026 10:06:25 GMT

Hopefully this gets to TurboTax Staff

In desktop version, Residential Energy Credit is generating $0 for 2023 qualified improvements, due to $500 lifetime limit calculated from credits I claimed in 2011 and 2013.

Per IRS instructions, for in-service dates of 2023-2033, annual limits apply, but no lifetime limits. This needs to be addressed in the software.

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

DoninGA — Fri, 12 Jan 2024 16:38:42 GMT

The IRS Form 5695 Residential Energy Credits for tax year 2023 has not been finalized in the TurboTax program.

The Form 5695 for tax year 2023 is scheduled to be available on 01/24/2024 (subject to change)

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

MoraMrk — Fri, 12 Jan 2024 16:45:21 GMT

That is helpful, thank you.

Form in program does not contain the usual "Not Final" watermark, nor does it list among the forms not yet final box on the Smart Check tab of the program. Either one of those clues would have been helpful.

Thank you for the link to the online resource.

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

DoninGA — Fri, 12 Jan 2024 16:51:22 GMT

If you are using the TurboTax desktop CD/Download editions, if you click on Forms then open the Form 5695 it will have the DO NOT FILE indicator at the top of the form.

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

MoraMrk — Fri, 12 Jan 2024 17:46:47 GMT

ah - right you are! Somehow I missed those big, red letters!

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

krsbozo — Sun, 14 Jan 2024 00:41:03 GMT

Also, FYI, if you run the Federal Review, it will tell you that you have a problem with any form that is not yet final.

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

DFM509 — Mon, 05 Feb 2024 18:45:40 GMT

AS OF 2/4/23 STILL NOT FIXED!

Re: Residential Energy Credit imposing lifetime limit - should not be for 2023

DoninGA — Mon, 05 Feb 2024 18:46:18 GMT

@DFM509

The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.

The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).

Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...