Question

Where can I input the information for the purchase and installation of a biomass stove? It is a 25(D) tax credit if 26% for 2021, Thank you

Forum|Forum|4 years ago
February 5, 2022
1 reply
0 views

I have a certificate it is a new credit beginning 2021-2023.

TurboTax Deluxe Online

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PattiF

You will enter the information in the Deduction & Credits section:

Under Your Home, Choose Home Energy Credits and Click Start

Answer Yes, we made energy-efficient improvements or have a carryforward at the bottom of the page and Continue
Indicate that your home is in the US and that Yes, the improvements were made to our main home, Continue
Answer the question about Windows and Continue
Answer Did you get any Home Energy Credits in Prior Years, Continue
If Yes, enter the Prior Year information; if No you will be able to enter the Biomass Information on the next page
Enter Any Additional Energy-Efficient Improvements
Enter the Purchase price of the Biomass Stove, And follow the Prompts

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Sarah SW

This form doesn't calculate correctly. I did the steps above, entered my cost of $7,444 and it gave me only a $300 credit when it should have been $1800 roughly. It seems it isn't updated to the 2021-2023 credit amounts.

DMarkM1

Normally not getting the full credit is due to the credit being non-refundable. That means you can only get enough credit to bring your tax on line 18 on your form 1040 to zero. The remainder however can be carried forward to future years.

To see your form 1040 before filing: