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Screen Cr-3 - Form 5695, Residential Energy Credit (1040)

Form 5695 - Energy Credit Information

This field will need to be completed if costs incurred were for the qualified fuel cell property costs for the Residential Energy Efficient Property Credit in Form 5695, Part I. Enter
1
 in this field if the costs incurred were for a main home located in the United States. If not, enter
2
.
Enter the address of the taxpayer's main home in the attached statement, if it's different from the information in the
1040
 screen. If the attached statement is blank, UltraTax CS defaults to the information in the
1040
 screen. UltraTax CS uses the address to complete Form 5695, lines 7b and 17b.
Enter the cost of qualified solar electric property. UltraTax CS uses this amount to complete Form 5695, line 1.
Enter the cost of qualified solar water heating property. UltraTax CS uses this amount to complete Form 5695, line 2.
Enter the cost of qualified small wind energy property. UltraTax CS uses this amount to complete Form 5695, line 3.
Enter the cost of qualified geothermal heat pump property. UltraTax CS uses this amount to complete Form 5695, line 4.
Enter the cost of qualified fuel cell property. UltraTax CS uses this amount to complete Form 5695, line 8.
Enter the kilowatt capacity of the qualified fuel cell property. UltraTax CS uses this amount to complete Form 5695, line 10.
When you select a home office unit from the dropdown list, the business use percentage updates automatically. When the business use percentage is greater than 20 percent, only the nonbusiness portion of the costs are used to determine the credits in Parts I and II.
UltraTax CS defaults to the business use percentage for the home office unit in
Home office unit
. To override the default percentage, enter an amount here. When the business use percentage is greater than 20 percent, UltraTax CS uses only the nonbusiness portion of the costs to determine the credits in Parts I and II.

Joint Occupancy

Use this section if the taxpayer owned a home jointly with someone other than their spouse. Enter the total amounts paid by all owners.
Enter the total cost of qualified solar electric property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 1.
Enter the total cost of qualified solar water heating property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 2.
Enter the total cost of qualified small wind energy property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 3.
Enter the total cost of qualified fuel cell property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 8.
Enter the total cost of qualified geothermal heat pump property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 4.
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