Question

Form 5695 joint occupancy does not work

Forum|Forum|2 years ago
February 25, 2024
2 replies
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Form 5695 energy credit with regard to joint occupancy (other than spouse) still does not work right, even after the latest updates 2/24/2024. For gas and electric heat pumps, the limit is $2000. I split the cost with a joint owner, so my credit should be $1000. If I use the joint occupant worksheet, Turbo Tax comes up with a credit of $250. I know this is wrong. The worksheet STILL does not work. Has anybody else come to the same conclusion?

The support sucks. I can't ask a simple email question that can be answered definitively.

A

arnoldpark

I have the same problem. I'm copying my post elsewhere here to try to get visibility, I hope this can be corrected asap.

In the 5695 Joint Occupant Residential Energy Costs worksheet, for heat pumps/biomass stoves, the "total maximum eligible costs for column (b) of lines 9-11" should be 6,667, NOT 1,667 as currently in the worksheet. The current 1,667 leads to a max credit of 1,667 x 0.3 = 500 instead of the correct 6,667 x 0.3 = 2000 credit.

When I incorrectly say I don't jointly own the home, the correct credit of 2000 appears, since it bypasses this incorrect joint occupant worksheet.

Please correct this asap - it's a very simple fix to this prepopulated value from turbotax.

DoninGA

This is a known problem and is being worked on by the TurboTax development team. Currently there is no firm date when it will be fixed. Hopefully in the next week or two.

J

John P4Author

If this is a "known problem" as you say, then why isn't it fixed? It's a simple math problem. It's not some obscure tax law. It could be fixed in a day. And if this is a known problem, why does Turbo Tax claim that Form 5695 is ready for electronic filing. It is not. Right now, if I didn't notice this, or if I "trusted" Turbo Tax to be correct, I would have filed with incorrect numbers, and I would have had to file an amended return. The status of this form is unacceptable and inexcusable.

J

jqjyjohnma

I submitted twice since March 09 and 13 after the program has updated. My return still got rejected. Message is to wait to resubmit after March 27. Very stressful

L

LeticiaF1

This return can't currently be processed for e-filing due to Joint Occupancy on Form 5695. ‌This is due to a processing error that will be corrected on March 27, 2025. On or after March 27, 2025 open the rejected return, review it for errors, and resubmit the return for electronic filing. If you don't want to wait until March 27, you may print the return and file it by mail.

Known issues and solutions | Internal Revenue Service

@jqjyjohnma

M

madgypsy

March 29th here and the form is still broken, they've walked the date back to April 4th to have it fixed, but if you don't e-file by March 31st it costs more. So thanks for telling us to try again on March 16th, and then try again on March 27th, and try again on April 4th. Why should we trust these estimated resolution dates?