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How do I apply the tax credit for switching from a gas stove to electric and upgrading my breaker panel to a 200 amp panel, which fall under the inflation reduction act?
Per recommendation from my local electrician, I upgraded my home's 100 amp panel to a 200 amp panel, and I also installed a new 240V line to my kitchen stove area, where I installed a new electric stove. I was informed that the panel upgrade qualified for up to $4000, the wiring I believe was up to $500, and $840 for the new electric stove.
When I am entering deductions in my TurboTax 2023 Home & Business software, I do not see where to enter this information to receive the credits/rebates.
What form would these credits/rebates by applied to? And how do I access in the TurboTax software?
When I am entering deductions in my TurboTax 2023 Home & Business software, I do not see where to enter this information to receive the credits/rebates.
What form would these credits/rebates by applied to? And how do I access in the TurboTax software?
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‎February 17, 2024
7:48 PM