Turbotax says I reported an Energy Efficient Commercial Buildings Deduction but I did not. Where can I fix that in Business step by step?

Forum|Forum|2 years ago
March 8, 2024
2 replies
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As I was preparing to efile, TT said I needed form 7205 to support this deduction. Where do I correct this?

TurboTax Online

Best answer by PatriciaV

In TurboTax Business, the Energy Efficient Commercial Buildings Deduction appears under Common Business Expenses, found on the Deductions summary page. Be sure the box is empty (no zero).

Or open Form 1120-S using Forms Mode and delete the zero from Line 19.

@theunbelievable

MonikaK1

Users encountering this situation have found this solution works when using TurboTax Home and Business:

In Business Expenses, under Other Common Business Expenses, look through that list and you will find "Energy Efficient Buildings". Select Update and delete the 0 amount or other amount that appears.

This is done in the "step by step" view of Turbo Tax, NOT in the Forms view.

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theunbelievableAuthor

Thanks so much for your answer, but where can I find this step by step in the Business version, not Home and Business? This is my LLC 1065.

PatriciaVAnswer

Or open Form 1120-S using Forms Mode and delete the zero from Line 19.

@theunbelievable

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IsabellaG

If you go through the Business Items section in TurboTax Premier, you can find the Energy Efficient Commercial Buildings deduction at the Business Expenses screen, by clicking Start or Update on All Other Expenses. It's the last entry under Enter Your Business Expenses.