form 5695 Energy Home Improvement Credit Joint occupancy

[Jameslu100]

now, essentially the rejection message is now stating 4th of April for anticipated fix date, in which this so-called fix date has been pushed back time and time again. This is getting very frustrating and as the dead-line approaching (4/15), i am not so sure if i can count on that. Since i paid for the software to do this, i am not mailing it out, it is not cheap.

[Salo_hcin]

We are in the same situation. My fiancée and I co-signed on the house together, but since we are not married, we file separately. Both of our returns are being rejected because of this.

We have a friend who completes our taxes and sends us the files and paperwork. Every year, I buy the software just to e-file, but I should have just mailed them in after she sent us the paperwork and saved myself the cost of the software this year.

[AnnetteB6]

The IRS updated the system this week to start accepting e-filed tax returns with Form 5695 Joint Occupancy. However, a processing problem still exists. To ensure the accuracy of tax returns, TurboTax is working hard to eliminate the issue. The expected resolution date is April 4, 2025. On or after that date, please log back into your TurboTax account, fix any error messages and e-file your tax return. 

There is also an option to print and mail your return. If the special rule for joint occupants applies to you, please make sure that the box on line 32a of Form 5695 is checked. Then attach a statement to your printed return that explains how the special rule applies to your situation. 

This statement should include:

• The names and Social Security numbers of all joint occupants.
• A description of the property and the nature of the improvements made.
• An explanation of how the costs were shared among the joint occupants.

TurboTax does not automatically generate this statement, so you will need to create it yourself. Make sure to include this statement when you mail your tax return to the IRS. 

Here is a possible template that you can use:

Statement for Special Rule for Joint Occupants

Taxpayer Name: [Your Full Name]

Taxpayer Identification Number: [Your SSN or ITIN]

Tax Year: [Year]

Names and Social Security Numbers of Joint Occupants:

[Full Name of Joint Occupant 1], [SSN of Joint Occupant 1]

[Full Name of Joint Occupant 2], [SSN of Joint Occupant 2]

(Include additional names and SSNs if applicable.)

Description of Property and Improvements:

The property is located at [Property Address]. During the tax year, the following energy-efficient improvements were made to the property:

[Description of Improvement 1] (e.g., installation of solar panels, energy-efficient windows, etc.)

[Description of Improvement 2] (if applicable).

Explanation of Cost Sharing:

The total cost of the qualified energy-efficient improvements was $[Total Cost]. The costs were shared among the joint occupants as follows:

[Your Full Name]: $[Amount Paid by You]

[Joint Occupant 1's Full Name]: $[Amount Paid by Joint Occupant 1]

[Joint Occupant 2's Full Name]: $[Amount Paid by Joint Occupant 2]

Based on these contributions, I am claiming my allocable share of the energy-efficient home improvement credit. My share was calculated as follows:

Credit Allocable to Me = (Credit Limit for Property) × (Amount Paid by Me / Total Amount Paid by All Occupants)

@Jameslu100 

[Salo_hcin]

@AnnetteB6 

I requested a refund for the software due to this issue, however I have not received a refund.  Can you look into this for me. The case was approved and is now closed.

 

[CatinaT1]

We can not help with this in the community. You will need to contact Customer Service: Here is a link:  Turbo Tax Customer Service