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Returning Member
posted Feb 4, 2024 11:57:42 AM

Form 7205 TurboTax Business Desktop Error

I am on TurboTax Business Desktop 2023 and I cannot find the option for the Energy Efficient Commercial Buildings Deduction anywhere under Federal Taxes/Deductions. I have explicitly stated to TurboTax that I do now own or rent any real estate or property for business and I am still being prompted with the form. I am now trying to file and the program keeps telling me I need to attach the Form 7205. Any Idea what I should do next? Thank you for your time. 

0 4 997
4 Replies
Level 2
Feb 7, 2024 6:17:17 AM

Solved:

I am using TurboTax Home and Business 2023 on a Mac

 

To solve this, I went to Business Expenses, the page where you enter in Advertising, Business Travel, etc. A little bit down on that list you will find "Energy Efficient Buildings". Select Update and delete the 0 amount. 

 

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

 

This worked for me and I was able to e-file the Federal return.

Returning Member
Feb 7, 2024 8:08:47 AM

Thank you so much for the help! I was able to file my tax return. 

Level 2
Feb 7, 2024 9:30:14 AM

Thank you!  This worked!

 

New Member
Feb 22, 2024 8:49:50 AM

Thank you !! So Simple a fix. So Stupid on TT side that this is an ongoing issue.  Wasted an hour scanning the community looking for this simple solution.