Form 5695

[pbk51]

I have a client that resides in NYC, they purchased a home in TN, a few years ago, however,they have installed energy efficent Central Air Sysytem 2023, the Home address is not changing on the form 5695. I have entered it on Residential Energy Property Central air conditioners

Also, the price is $11,429 but the credit is $600, am i doing something incorrect? Please Help!! Thank you

[TaxGuyBill · Accepted solution]

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@pbk51 wrote:

 the Home address is not changing on the form 5695.

Also, the price is $11,429 but the credit is $600

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It should allow you to enter the address of the home where the air conditioner is located.  I don't use ProConnect so I can't guide to you exactly where to enter it.

A $600 credit is correct (assuming it meets the high-efficiency criteria, but be sure to double check that it qualifies).

[pbk51]

Thank you TaxGuyBill. I appreciate your assistance. I will look into it. 

[qbteachmt]

Did you see ProSeries notice, here, similar issue:

https://accountants.intuit.com/community/proseries-tax-news-updates/discussion/resolved-form-5695-ho...

"Resolved: Form 5695 Home Energy Credits is not qualifying when improvements were ‘Not Made on their Main Home’"