Where do I enter my Energy Efficient Commercial Buildings Deduction (Form 7205)?

If you're claiming the Energy Efficient Commercial Buildings Deduction (Form 7205), you'll first need to create or edit your Schedule C (Profit or Loss From Business). Form 7205 is used to report certain energy-efficient building deductions related to your business activity.

What Is Form 7205?

Form 7205 is generally used to claim deductions related to qualifying energy-efficient commercial building property. The deduction may apply to certain improvements that reduce a building's energy and power costs.

Because eligibility requirements can be complex, be sure to have documentation related to the property and any applicable energy-efficiency certifications before completing the form.

How to Access Form 7205 in the Program

Follow these steps:

1. Federal
2. Income (Select My Forms)
3. Profit or Loss From Business (Schedule C)
4. Energy Efficient Commercial Buildings Deduction (Form 7205)

Complete Your Business Information First

Before entering your Form 7205 information, make sure you've entered the required details for your Schedule C business.

Once your business information is complete:

1. Return to the Schedule C menu.
2. Scroll down to the Energy Efficient Commercial Buildings Deduction (Form 7205) section.
3. Select Begin.
4. Enter the information requested for your energy-efficient commercial building deduction.