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

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note
Electronic filing note:
 When entering data for electronic returns, you need to follow specific IRS guidelines to ensure that the return won't be rejected.

Form 5695 - Energy Credit Information

Costs incurred to main home located in the United States?
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
.
Address of main home
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.
Qual solar electric prop costs
Enter the cost of qualified solar electric property. UltraTax CS uses this amount to complete Form 5695, line 1.
Qual solar water heating prop
Enter the cost of qualified solar water heating property. UltraTax CS uses this amount to complete Form 5695, line 2.
Qual small wind energy prop
Enter the cost of qualified small wind energy property. UltraTax CS uses this amount to complete Form 5695, line 3.
Qual geothermal pump prop
Enter the cost of qualified geothermal heat pump property. UltraTax CS uses this amount to complete Form 5695, line 4.
Qual fuel cell prop
Enter the cost of qualified fuel cell property. UltraTax CS uses this amount to complete Form 5695, line 8.
Kilowatt capacity of the qualified fuel cell property
Enter the kilowatt capacity of the qualified fuel cell property. UltraTax CS uses this amount to complete Form 5695, line 10.
Home office unit
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.
Home office business percentage (Force)
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.
Qual solar electric prop
Enter the total cost of qualified solar electric property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 1.
Qual solar water heating prop
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.
Qual small wind energy prop
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.
Qual fuel cell prop
Enter the total cost of qualified fuel cell property paid by all owners. UltraTax CS uses this amount to complete Form 5695, line 8.
Qual geothermal pump prop
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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