DMarkM1
Expert Alumni

Deductions & credits

No.  The maximum credit for the improvements on your home will be $1200 (plus $2000 for heat pump/bio mass stoves) which will be shared by the owners.  So if the costs are shared 50/50, the maximum for each of you will be $600 (plus $1000 for heat pump/bio mass stove).  TurboTax will make all those calculations for you based on your entries.   

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