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Deductions & credits
A home generator such as a Generac that is professionally installed is not a medical expense. It's a property improvement that adds to the cost basis of the property. This does not get reported anywhere on your tax return and will not come into play until the tax year you sell the property.
If this is a portable generator, it's a personal expense and not deductible anywhere at all.
‎November 2, 2022
6:13 AM