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Deductions & credits
i.e. wait until late in January, then go thru the energy credits Q&A again to make sure they get into the right place.
AND, you will (eventually) need to be clear as to whether it is a Geothermal heat pump, or an Electric heat pump (i.e. air source).
The Geothermal ones usually go in a later section of the energy Q&A series.
The electric (air source) ones should be in a newer area for "Energy Efficient Home Improvement Credit"........then "Residential Energy Property Expenditures"
....But I have no idea how TTX will eventually arrange the Q&A flow for that section..
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎December 26, 2023
2:18 PM