Your energy-efficient metal roof may qualify for an energy credit. You'll enter the cost of the roof under Tell Us How Much You Paid for Energy-Saving Improvements. (Click the screenshot below for reference.)
To enter your energy-efficient roof in TurboTax:
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- Continue your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
- Click the drop-down arrow next to Tax Tools (lower left of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the I'm looking for: box, type 5695.
- In the results box, highlight 5695, residential energy credit, then click GO.
- Follow the onscreen instructions to complete this section. Be sure to click the Learn more links if you have any questions.
- After you enter the cost of your roof and answer the corresponding questions, TurboTax will determine if you qualify for an energy credit.
Note: If using the TurboTax CD/Download software, you'll use the Find function (instead of "My Account") to search for the topic.
The Nonbusiness Energy Property Credit has a lifetime total combined limit of $500, so if you have claimed the credit in a prior year your 2016 deduction may be reduced. See IRS Instructions for Form 5695, Residential Energy Credits for more information.
To see if your roof qualifies for this credit, click the roofing products link in the FAQ below. https://ttlc.intuit.com/replies/3300639
[Edited 02.09.2018 I 01:10PM PST]
