turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

selaing58
New Member

Form 5695 Panel credit not working

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
selaing58
New Member

Form 5695 Panel credit not working

put in correct  amount, nothing, put in $10,000 nothing.... all other lines process credit.

Vanessa A
Expert Alumni

Form 5695 Panel credit not working

Do you have a tax liability?

 

Look at your forms to see if you actually got the credit.  You can look at your form 5695 or Schedule 3.  On schedule 3, you will find the credit on line 5a or 5b.  

 

If however, the credit is not showing on the form and you have entered everything, there could be a few things wrong.

  1. You answered a question in a way that made you ineligible for the credit.
  2. You have no tax liability to start with.  These credits are nonrefundable credits.  This means, you cannot get the credit if the amount on line is $0 or it will be limited if the amount on line 16 is less than the full credit you could have received for the energy product. 
  3. If you installed solar items and qualify for the Residential energy credit, then you can carry the credit forward to future years.  The Home Improvement Energy Efficiency Credit, is a use it or lose it so if you don't use it this year, you will lose it. 
  4. You did not update your forms if you are using TurboTax Desktop, you will need to select Online>>Update>>then update your return. If you are using TurboTax Online, please clear your cache and cookies to be sure you do not have something hanging up in there keeping the old form active.

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question