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I installed a new hot water heater and Turbo Tax is not calculating the credit?

In section B of (Residential Energy Property Smart Worksheet) has a value of $1350 but Turbo Tax is not calculating any credit. Why

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1 Best answer

Accepted Solutions
AnnetteB
Intuit Alumni

I installed a new hot water heater and Turbo Tax is not calculating the credit?

No credit is being calculated and included because the nonbusiness energy property credit is currently expired for 2018 and has not been renewed. 

See the article below for more details.

https://ttlc.intuit.com/replies/3300639

 

Note:  The original question pertained to a 2018 return.  The same question for a 2019 return would have a different answer.  See the linked article for more information.

 

[edited 3/13/2020 | 2:09 pm PST]

View solution in original post

1 Reply
AnnetteB
Intuit Alumni

I installed a new hot water heater and Turbo Tax is not calculating the credit?

No credit is being calculated and included because the nonbusiness energy property credit is currently expired for 2018 and has not been renewed. 

See the article below for more details.

https://ttlc.intuit.com/replies/3300639

 

Note:  The original question pertained to a 2018 return.  The same question for a 2019 return would have a different answer.  See the linked article for more information.

 

[edited 3/13/2020 | 2:09 pm PST]

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