Hopefully this gets to TurboTax Staff
In desktop version, Residential Energy Credit is generating $0 for 2023 qualified improvements, due to $500 lifetime limit calculated from credits I claimed in 2011 and 2013.
Per IRS instructions, for in-service dates of 2023-2033, annual limits apply, but no lifetime limits. This needs to be addressed in the software.
The IRS Form 5695 Residential Energy Credits for tax year 2023 has not been finalized in the TurboTax program.
The Form 5695 for tax year 2023 is scheduled to be available on 01/24/2024 (subject to change)
Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...
That is helpful, thank you.
Form in program does not contain the usual "Not Final" watermark, nor does it list among the forms not yet final box on the Smart Check tab of the program. Either one of those clues would have been helpful.
Thank you for the link to the online resource.
If you are using the TurboTax desktop CD/Download editions, if you click on Forms then open the Form 5695 it will have the
DO NOT FILE
indicator at the top of the form.ah - right you are! Somehow I missed those big, red letters!
Also, FYI, if you run the Federal Review, it will tell you that you have a problem with any form that is not yet final.
The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.
The Form 5695 is scheduled to be available in TurboTax on 02/07/2024 (subject to change).
Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...