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Turbotax does not allow for a person to enter information on form 5695 for biomass activity. That's line 5 of the form - Qualified biomass fuel property costs

In Turbotax, you cannot select this line for posting.  But, the IRS form allows for this.  This is a significant difference between a 26 percent tax credit on your return versus not being able to claim it unless you mail in your taxes.  Please resolve this issue.  Thank you.
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2 Replies
AmyC
Expert Alumni

Turbotax does not allow for a person to enter information on form 5695 for biomass activity. That's line 5 of the form - Qualified biomass fuel property costs

This form has not been released in final form from the IRS. Once it is released, Turbo Tax will have it operating in the program. The current estimated date is Feb 3 for IRS release. See Federal form availability for updates.

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Turbotax does not allow for a person to enter information on form 5695 for biomass activity. That's line 5 of the form - Qualified biomass fuel property costs

Thanks for the update!  That makes sense! 

I'll wait accordingly. 

 

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