I know that starting in 2023, we can claim qualified battery storage technology under the residential clean energy credit. My question has to do with TurboTax software. When using the online Premier version, they do not have an option for the new 2023 battery storage technology. They have options to select from for solar electric panels, solar water heaters, geothermal heat pumps, fuel cells, but not the new battery storage technology. How/where do I input this in TurboTax to include this figure as part of my taxes?
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See this IRS website - https://www.irs.gov/credits-deductions/residential-clean-energy-credit
The IRS Form 5695 Residential Energy Credit for tax year 2023 has not been finalized in TurboTax.
The Form 5695 for 2023 is scheduled to be available in TurboTax on 01/10/2024
Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...
See this IRS website - https://www.irs.gov/credits-deductions/residential-clean-energy-credit
The IRS Form 5695 Residential Energy Credit for tax year 2023 has not been finalized in TurboTax.
The Form 5695 for 2023 is scheduled to be available in TurboTax on 01/10/2024
Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...
Tried to enter my battery storage today (after the 1/10 update) and it still does not work.
The 5695 form has the line item 5a & 5b but the worksheet and guide does not have the question to populate it.
When I manually enter it into 5a, 5b, it does not allow me to populate 6a (lines 1-5 added together) to add it to my return.
@crashrb wrote:
Tried to enter my battery storage today (after the 1/10 update) and it still does not work.
The 5695 form has the line item 5a & 5b but the worksheet and guide does not have the question to populate it.
When I manually enter it into 5a, 5b, it does not allow me to populate 6a (lines 1-5 added together) to add it to my return.
The Form 5695 Residential Energy Credits for tax year 2023 has not yet been finalized in TurboTax.
The Form 5695 is scheduled to be available in TurboTax on 01/31/2024 (subject to change).
Go to his TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...
Still not available on 2/6/2024
I see form 5695 should be ready for print on 2024-02-07 according to
somehow I feel that it may be pushed back further!
This is scheduled to be fixed with the February 7 update. The updates generally happen at night. It should be available February 8.
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