turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

Form 5695 Qualified solar electric property costs

I installed solar panels with a battery and was given a total price (not itemized) for the entire system.

I put that amount on Form 5695 line 1 Qualified solar electric property costs.

Line 5a and 5b refer to Qualified battery storage technology costs but I don't have a way to separate that cost from my system cost. 

I checked yes for line 5a (greater than 3 kWh) and $0 in line 5b.

Will that work?

 

Connect with an expert
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.

1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

Form 5695 Qualified solar electric property costs

No, I don't think so. 

I think if you select Yes for 5a and enter zero for 5b, you might cause an error. 

I suggest you contact the sales rep and ask for an estimate to report a cost for the battery. 

If that is not possible, google the product you purchased and get an idea of the value or ask the firm that did the work what a replacement would cost. 

 

 

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

View solution in original post

2 Replies
KrisD15
Expert Alumni

Form 5695 Qualified solar electric property costs

No, I don't think so. 

I think if you select Yes for 5a and enter zero for 5b, you might cause an error. 

I suggest you contact the sales rep and ask for an estimate to report a cost for the battery. 

If that is not possible, google the product you purchased and get an idea of the value or ask the firm that did the work what a replacement would cost. 

 

 

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

Form 5695 Qualified solar electric property costs

Thanks KrisD15. I looked a little closer at my contract and found the itemized costs.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies