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@Keith49 Looks like the programmers changed the date for availability to January 18, 2025. Wait for the form to be updated.
The 2024 IRS Form 5695 is finalized and available now.
To enter Home Energy Credits -
Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credit
Click on I'll choose what I work on (if shown)
Under Your Home
On Home Energy Credits, click the start or update button
Or enter energy improvements in the Search box located in the upper right of the program screen. Click on Jump to energy improvements
The form is there, but does not allow the carryforward from 2023. It says will be carryforward on the 2025 return. Thought I saw a message on when the issue would be fixed, but do not recall the date
@Keith49 Looks like the programmers changed the date for availability to January 18, 2025. Wait for the form to be updated.
any updates on when form 5695 will be available? The form is only showing a partial credit and not the full carryforward amount.
Use this link to reference when your tax forms will be available. You can search by TurboTax Product and for IRS and State-Specific Forms.
However, please know there is a delay by the IRS until March 16 if you have joint occupancy.
Taxpayers claiming Joint Occupancy on Form 5695 will have to file via paper if filing their return before the Form 5695 schema is updated in mid-March. This temporary limitation should only impact a subsection of Form 5695 filers. For a preview of the TY24 draft form and instructions for Form 5695, please see the Draft tax forms on IRS.gov at https://www.irs.gov/draft-tax-forms. Submission of Forms 5695 that do not claim Joint Occupancy may be e-filed at the start of Processing Year 2025.
So if I answer yes to the question about my wife and me living in the same house, I will need to wait until after March 16 to file electronically.
According to the IRS, yes.
The joint occupancy rule does not apply to married filing jointly, unless there are 2 separate properties. The form appears to be working as it should for my tax situation.
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