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March 11, 2024
Question

Why the Turbotax Business asking me to submit the Form 7205?

  • March 11, 2024
  • 1 reply
  • 0 views

Hello. I believe that I am not qualified as the one who should submit the Form 7205.

 

How can I fix my filing information? My business is S-corp and this is my first time using TurboTax.

1 reply

PatriciaV
Employee
March 11, 2024

A stray zero in an expense line can cause this message. In TurboTax Business, the Energy Efficient Commercial Buildings Deduction appears under Common Business Expenses, found on the Deductions summary page.

 

Be sure the box is empty (no zero).

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