Drake Tax - NY - IT-241 Clean Heating Fuel Credit
Article #: 16499
Last Updated: October 21, 2024
If NY Form IT-241 form is not being produced in View/Print mode, first verify your entries for Part 1. Go to NY > screen 241 and click the link to data entry screen for Form IT-241, Part 1 - Purchase of bioheat that qualifies for the credit. Make sure you have entered the purchase date, number of gallons, and percentage of biodiesel per gallon of bioheat.
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Must be at least 6% to qualify for credit.
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Percentage should be entered as a whole number, not a decimal.
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VARIOUS is not an acceptable entry for the purchase date.
If the IT-241 is still not being produced, review the answer to the bribery question (States > NY > General > MISC > item E)
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If this question is unanswered, EF Message 0522 is produced.
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If the question is answered Yes, the credit is disallowed.
See the NY IT-241 instructions for further information on this credit.