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Level 1
posted Apr 17, 2023 10:27:01 AM

Form 5695 Filed in Wrong Year

Hello - Form 5695 was incorrectly filed on our 2021 return. The loan went through in December of 2021.  The units were not installed fully and turned on till Feb / March of 2022 due to delays.  How would I go about fixing this? Do an amended 2021 return and redo the 5695 on the 2022 return?  Thank you in advance for helping!! 

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1 Replies
Expert Alumni
Apr 17, 2023 10:41:11 AM

Yes, you are going to have to amend the 2021 and resubmit on the 2022 return.