turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Kat1927
New Member

Can I deduct a new gas furnace?

Turbo let me deduct my new water heater, but doesn't show where to deduct my new gas furnace.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Can I deduct a new gas furnace?

On the page Enter Your Qualified Energy Costs use the box labeled Water boilers for the cost of the furnace.  The box needs to be re-labeled.  If you click on the Learn More link it will describe -

Enter the amounts you paid for a natural gas, propane, or oil furnace or hot water boilers...

 

That is the correct location to enter the furnace cost as it will flow to the Form 5695 Line 24a for Enter the cost of natural gas, propane, or oil furnace or hot water boilers

Can I deduct a new gas furnace?

Thank you so much for this reply! That box really does need to be re-labeled! I clicked Learn More on some of the other ones, but never thought to click it on THIS one because it didn't seem remotely likely that was the correct choice, but apparently it is!! Thanks! Got my extra $600 now, yay!

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies