When will the new NY State Form IT-267 (Geothermal Energy System Credit) be available to file in TurboTax online?

[mikeygnyc]

The new NYS Geothermal Energy System credit (Form IT-267) is currently missing from TurboTax online: https://www.tax.ny.gov/pdf/current_forms/it/it267_fill_in.pdf

According to Pub. 93 of the MeF (from 11/22), https://www.tax.ny.gov/pit/efile/pub-93-ty2022.pdf

this form is supposed to be supported via e-file.

I talked to support and unfortunately the agent could not find any info on this. She suggested appending it as a PDF, but NYS will no longer allow PDF attachment of tax forms to e-filings (they are allowed for supplemental documents though). If it's unable to be supported I will have to file through other means. Please advise when an update will be available. This is a popular new credit in NYS comparable to the federal form 5695 and the existing NYS solar credit.

Thanks,

Mike

[Anonymous_]

See https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product...

But it does not appear as if that form is in the list at this point.

[mikeygnyc]

...right. I know it's not. I'm asking when/if it will be supported or if I need to pursue another filing solution.

[SteamTrain]

@Anonymous_   

Seems like an important form that should be included with the NY formset....but unfortunately, the people who create the forms list don't always keep it up to date.

Maybe see if the one of the Moderators can check with the NY software Team to see if it's being worked on at all?

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Or...maybe @rjs  can check his NY forms for it...might be there now  (IF he uses desktop software)

[Anonymous_]

@SteamTrain 

I will PM a Mod, but perhaps @rjs can see if it is in his tax package. I am not sure what other Champs have NYS but there are most likely a few.

[rjs]

Form IT-267 is not included in the TurboTax New York software, and it is not listed on the Other Tax Credits and Taxes Worksheet.

[SteamTrain]

@Opus 17    has worked with NY forms too, but hasn't been in the forum for several hours now.

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OK...maybe the one of the Moderators will check with the NY software crew to see if it's on a backbuner list at all for this year.

[Lickface]

I’ve been looking for this too and spoke to a customer service agent about it. She told me that more forms would be available after - I believe - February 1st. So, fingers crossed…

I do have question though in the event that IT-267 doesn’t become available: what is to stop me from completing the NYS return, exporting the PDF from TurboTax without e-filing, adding in a completed IT-267, editing the NYS return PDF file to reflect the credit, and then e-filing this (amended) return independently?

[rjs]

@Lickface  What stops you from doing that is that the credit from Form IT-267 has to flow to Form IT-201-ATT, and from there to line 42 of Form IT-201, and it affects all the calculations on Form IT-201 below line 42. That's the entire last two pages of IT-201. That's an awful lot to change with a PDF editor, and there's too much chance of making a mistake recalculating two pages of the return by hand. And you can't e-file a PDF or a return that you've modified outside of TurboTax. You would have to file it by mail. And of course, doing what you propose would cancel the TurboTax accuracy guarantee.

[Lickface]

I do understand the flow from 201 to 267 and back again. I’m also a graphic designer with a BA in CompSci, so I’m not too worried about PDF editing and the computations. That said, it does bare repeating the complexity of doing something like this but hand vs software. 

Are yes, individuals can’t e-file. I suppose I could pay a tax professional to review and e-file on my behalf, no?

[rjs]

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@Lickface wrote:

Are yes, individuals can’t e-file. I suppose I could pay a tax professional to review and e-file on my behalf, no?

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No. A PDF cannot be e-filed. That's not how e-filing works. E-filing transmits a digital file, not an image of the forms. A tax pro would have to recreate the entire tax return in his or her professional software in order to e-file it.

[Lickface]

Right, ok. So my option - sans TurboTax adopting the proper form - is to mail the completed form and pray that I didn’t mess up the calculations. That doesn’t sound like a very good option. 

[mikeygnyc]

There's actually another issue with PDF editing; the PDF is not the "meat" of the e-filing, there is an XML file that contains the actual data that is transmitted (the particular format is called MeF which I believe is an IRS originated schema). I believe the PDF you end up seeing is just an easy to read formatted version of the data. While in theory editing an XML file is trivial if you know the schema (XML files are generally reasonably human readable types of file), I don't believe TurboTax allows you access to this part. NYS does allow PDF attachments of supporting documents during e-file but as far as I can tell they no longer allow PDF attachments of actual forms to be filed. So yes, if TurboTax doesn't support the form for NYS, you have to paper/mail file (there are actually certain forms that they list as non-supported by TurbotTax and tell you this explicitly... mostly stuff that the average individual probably won't file).

[Deborahwrites1]

We just got off the phone with TurboTax Live Support, 1-800-4-INTUIT ([phone number removed]). We asked when New York State Form IT-267 (Geothermal Energy System Credit) would be available. The representative confirmed that the form is currently "unsupported," and there is no indication at this time that it will be. She agrees that it should be supported and has escalated the request internally at Intuit. She also stated that the more people who call directly requesting the form, the more likely they will support it. If you are looking for this form, please call Intuit and let them know!

[Lickface]

I don't know if this helps anyone in this thread, but for what it's worth I just completed my taxes at FreeTaxUSA in less than an hour and they supported form IT-267 without any issues. In fact, my NYS tax liability went from owing $1700 to getting a $2700 refund after the form was applied... so, my advice to those looking to file an IT-267 this year is to do so with FreeTaxUSA. Federal returns are free, and NYS cost me $15. 

(I do not work for FreeTaxUSA, nor am I compensated in anyway by them for this post... I'm just fed up with TurboTax's inaction and lack of answer on this issue).