Wood stove tax credit is 30% total cost, uncapped but turbo tax only comes up with $300 energy improvement credit. whats wrong?

[SteamTrain]

1) I don't know if a "stove" qualifies at all.

2) If it does, then you are entering it on the Wrong Page !

go back and take it out on that page...and then on a follow-up page it goes in as one of the items on the same page that also shows the Solar energy credits....look for....:

Biomass Fuel Property

"....for property using the burning of biomass fuel to heat a residence of the taxpayer, or to heat water, and has a thermal efficiency rating of at least 75 percent (measured by the higher heating value of the fuel)"

[PattiF]

A qualified biomass fuel unit would be eligible for the 30% credit. If what you added to your house is a qualified biomass fuel property, it wouldn't be entered in the Energy-Efficient Building Property section, but in another section where a Biomass type stove/heater can be entered as SteamTrain said above.

You can enter them like this:

1. Open or continue your return, if you don't already have it open
2. In TurboTax, search for energy improvements (Don't search for energy credit as this will take you to the wrong place)
3. Select the Jump to link in the search results
4. On the Energy-Saving Home Improvements screen, answer Yes and Continue. Follow the instructions on the next screens
   • The first part of the interview covers improvements like doors, windows, furnace, air conditioning, and heat pumps. 
   • If you're looking for other improvements like biomass, solar, geothermal, wind, and fuel cell, just keep going—we'll ask you about these soon

 

@wagner-ryan86