Form 5695 Residential Energy Credits

[sbelock]

Is Form 5695 Residential Energy Credits working as of Feb. 12. I had my primary home insulated by a qualified company and credit is showing $0. The instructions indicate I am eligible for 30% up to $1200.  Costs were upwards of $4,000.

[DoninGA · Accepted solution]

Have you updated your TurboTax desktop program to the latest release?  The Form 5695 for tax year 2023 was updated on 02/08.

Click on Online at the top of the desktop program screen.  Click on Check for Updates

If your tax liability on Form 1040 Line 18 is zero then the credit will not be used and is not carried forward to the next tax year.

You can view your Form 1040 at any time using the online editions. Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

[sbelock]

Thanks. I was using the online version, but all of my income information hadn't been entered. Once that was entered, the credit showed.