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Deductions & credits
@charlietax22 wrote:
yes, according to IRS tax code EVEN RENTERS QUAILIFY, I guess turbo tax 2022 ARE WRONG COMPLETELY
Please be more careful. Section 25D credits are allowed for taxpayers who pay for improvements to a home they use as a residence, even if they don't own it and don't use it as their main residence. However, section 25C (which applies to the furnace suggested by this taxpayer) requires that the taxpayer own the home and use it as their main residence.
In addition, neither section 25D or 25C applies to a landlord who does not live on the property.
‎February 8, 2023
12:22 PM