Deductions & credits

Thank you for the response! Just to double confirm - Can I include the installation cost for heat pump in "Permanent Improvements" while using turbo tax to compute capital gains. The reason I asked again is that p523 does not say explicitly use the term HVAC.  It is using "Heating Systems" and "Central Air".

 

In other words, can I include that amount in 4.d in the the worksheet at  https://www.irs.gov/publications/p523#en_US_2022_publink100010755?

 

d. "Any amounts you spent on construction or other improvements that are still part of your home at the time of sale (not including costs of maintenance and repairs). See Basis Adjustments—Details and Exceptions"

 

Thanks again!