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Level 1
February 8, 2024
Question

Energy Credit

  • February 8, 2024
  • 4 replies
  • 19 views

The 5695 form is supposed to be finalized today and the solar credits seem to be working.   However I have had a few files with a new furnace and windows and these credits do not appear to be working.     Is anyone else having issues?

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    4 replies

    Level 5
    February 8, 2024

    I just finished two that I was waiting for the form to be finished.  Seems to be working now.

    Just-Lisa-Now-
    Intuit Community Champion
    February 8, 2024

    I think yesterdays update had it up and working, I saw people in the PS Facebook group that were able to EF the 5695 really late yesterday afternoon

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 5
    February 8, 2024

    Form 5695 Part II, in the worksheet I entered the amount for exterior windows, it does not calculate 30% credit. Anyone got the right credit?

    Just-Lisa-Now-
    Intuit Community Champion
    February 8, 2024

    The form seems to have a lot more boxes that need to be checked and address needs to be filled in, you may need to read the contents of the form more than just fill in the dollar amounts.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 2
    February 9, 2024

    Completed Form 5695 today, answered questions and entered amounts for AC and furnace.

    Form did not calculate out the credit.    Called Pro-Series about this.  Just got a IRS link about Form 5695 , which link can not be found either.

    Just-Lisa-Now-
    Intuit Community Champion
    February 9, 2024

    Theres a few checkboxes that have to be marked for the credit to compute, I dont have the form in front of me or know which section the ACs are in, so I dont have the line numbers memorized, but scroll up to the top of the section above that smart worksheet and see if there are a couple of checkboxes that need to be checked, 

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Just-Lisa-Now-
    Intuit Community Champion
    February 9, 2024

    Oh, I added a couple of screen shots for someone yesterday in this thread, so that might help..

    https://accountants.intuit.com/community/proseries-tax-discussions/discussion/re-form-5695/01/285344#M151766

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
    Level 5
    February 9, 2024

    Any returns with the Form 5695 are not getting processed by Intuit either.  I efiled one two days ago and two yesterday and on the EF Center it reads "Received by Intuit."   I have already had one return efiled this morning accepted.

    What is going on??

    Level 2
    February 9, 2024

    i efiled  3 days ago  no acceptance