Which tax form should be used for claiming the Residential Energy Efficient Property Credit?

Disable ads (and more) with a membership for a one time $4.99 payment

Prepare for the Registered Tax Return Preparer (RTRP) Exam. Study with multiple choice questions, flashcards, and explanations. Get ready to ace your RTRP exam!

Form 5695 should be used for claiming the Residential Energy Efficient Property Credit. This form is specifically designed for this credit, allowing taxpayers to claim a credit for costs related to the installation of certain energy-efficient property in their homes.

Option B, Form 8332, is used for releasing a claim to exemption for a child of divorced or separated parents.

Option C, Form 8379, is used by injured spouses to allocate a joint overpayment (refund) to non-liable spouse's past-due debts.

Option D, Form 8863, is used for claiming education credits, not the Residential Energy Efficient Property Credit.