Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 15, 2024 9:53:21 AM

When will TT update form 5695 for joint ownerhip?

The online version mentions an update coming soon, but gives no time frame!

0 5 330
5 Replies
Expert Alumni
Feb 17, 2024 9:51:17 AM

I believe this has been updated.

 

Try closing TurboTax, clear your Cache and Cookies if you are using TurboTax Online, and reopen TurboTax.  You can also try a different browser.

 

Also, make sure you have ran all updates. 

 

If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.

If using TurboTax Desktop: Please see this FAQ.

 

 

Level 2
Feb 17, 2024 10:44:18 AM

We're updating how joint occupancy costs are reported on the tax return based on new tax law changes from IRS. Please check back with us soon.

 

I just checked the android app and online addition, both give me the message above.

Level 2
Feb 17, 2024 10:45:57 AM

here is my token: 1184148. I cannot complete form 5695 for a jointly owned home

Expert Alumni
Mar 3, 2024 6:53:57 AM

As of the last TurboTax update, most of the known issues with Form 5695 have been resolved.  

 

There is still a calculation issue affecting only joint ownership of the home and claiming one specific credit that is scheduled to be corrected with the next update around March 8th.  If this applies to you, see this link and sign up for updates:  Why is TurboTax limiting my Home Energy Credit when I have a non-spouse occupant?

 

If you are still experiencing an issue, please respond with details so that someone may help you get it resolved.

 

@sergeim105 

Level 2
Mar 3, 2024 7:37:45 AM

Unacceptable time frame to fix this.  And it is NOT true, as you claim, that Form 5695 is "ready for electronic filing".  Even if there is an error that only effects a fraction of people, it's still wrong, and you should not claim it's ready.  Please update your web site with the dates to reflect this.  I have serious doubts about continuing to use this product.  There will be a lot of people filing amended returns because of this.  I'm not one of them because I check everything.  I shouldn't have to.