TaxProKate
Level 2

Is anyone else having difficulty with Form 5695 calculations with the joint ownership allocations for the Residential Energy Credits Allocation Worksheet.  The joint costs for an electric heat pump are $10750 and each owner paid half.  Shouldn't the result be $1000 to each taxpayer?  They both have adequate income to take the tax credit.  The software is calculating $250 tax credit for each.   I ended up putting the full amount of the costs on one of the tax returns for the full amount of the eligible credit of $2000.  

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