I attempted to enter one item to see what it would do to Fed Refund value, started with Fed Refund which was $1463. prior to entering Heat pump details. Note Turbo tax wrote this in another response• $2,000 for heat pumps and heat pump water heaters; biomass stoves and biomass boilers.alue ( Our Cost of the Heat Pump $24,400. However, it decreased my refund to $537.
That did not make since so, I removed the heat value and just updated electrical which cost $5686.
Turbo indicates, $600 for improvements or replacements of panelboards, subpanelboards, branch circuits, or feeders. It lowered the refund to $863
What am I missing here? It does not seem like a credit. right
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Are you sure you are not looking at an Amount Due instead of a refund amount? It sounds like you owed $1463 and then after applying the $600 credit, you only owe $863.
Unfortunately I haved deleted and will start over but I will monitor accordingly.
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