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April 14, 2025
Question

Where do i enter reforestation tax credit?

  • April 14, 2025
  • 1 reply
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    1 reply

    LindaS5247
    April 14, 2025

    Your reforestation expenses can be entered into TurboTax using the instructions below.  You will not be able to e-file your tax return in years that you have reforestation expenses.

     

    Depending on the total amount you spent, up to $10,000 may be entered under "Less Common Business Situations" under "Business Deductions" TurboTax will allow you to enter any number, but the IRS  limits this deduction to $10,000 in the first year.

     

    To get to he screens i TurboTax you can:

    1. Click on the search icon in the upper left of your TurboTax screen
    2. Type "reforestation" into the search bar
    3. Click on the link "Jump to reforestation"
    4. Answer all of the follow-up questions about your expense

     

    Your TurboTax screens will look something like this:

     

     

     

     

     

     

     

    Click here for Pub 535 Business Expenses.


     

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