PattiF
Expert Alumni

Deductions & credits

Yes, you would be able to divide the total cost of the HVAC system that you installed by three to use that number to enter in the tax return. The HE Furnace is probably the most expensive of the three components followed by the AC Unit. You could divide the total cost and place more of the dollar amounts for those two items. Just make sure that the total equals the total on the invoice.

 

You can enter all of the items including the Energy Star Shingles into TurboTax by following these instructions from DoninGA:

 

To enter Home Energy Credits -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credit
  • Click on I'll choose what I work on (if shown)
  • Under Your Home
  • On Home Energy Credits, click the start or update button

Or enter energy improvements in the Search box located in the upper right of the program screen. Click on Jump to energy improvements

 

On the screen Tell Us How Much You Paid for Energy-Saving Improvements, enter the amounts for the unit.

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