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jarrodm
New Member

In TurboTax Mac Deluxe desktop: So is anyone else seeing an error when completing form 5695 where you are deducting multiple doors? Only the fist one is counted.

I have 2 doors to deduct and both of them would cap the 30% up to $250 per line item which should result in a $500 deduction but i'm only getting the first one to count TT isn't calculating the 30 percent on the second one
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3 Replies

In TurboTax Mac Deluxe desktop: So is anyone else seeing an error when completing form 5695 where you are deducting multiple doors? Only the fist one is counted.

For the Energy Efficient Home Improvement Credit the credit for exterior doors is caped at $500.

 

IRS Form 5695 instructions, page 3 - https://www.irs.gov/pub/irs-pdf/i5695.pdf

A credit limit of $250 for any qualifying exterior door and $500 total for all qualifying exterior doors.

Vanessa A
Employee Tax Expert

In TurboTax Mac Deluxe desktop: So is anyone else seeing an error when completing form 5695 where you are deducting multiple doors? Only the fist one is counted.

As you go through to the end of the questions on the doors, what number do you see?  Do you see $250 or do you see another number?  Have you updated your program?

 

 

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jarrodm
New Member

In TurboTax Mac Deluxe desktop: So is anyone else seeing an error when completing form 5695 where you are deducting multiple doors? Only the fist one is counted.

The latest update fixed the calculation error.  Prior to the update the second door was not being multiplied by 30 %.  I had to use an override to populate field 19 (g).  After applying today's updates and removing the override the field is now being computed correctly.  Thanks 

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