Carl
Level 15

Investors & landlords

I should contact a CPA

Why bother? You're going to pay that CPA a minimum of $120 for their time and a guarantee you they will have no problems with taking your money. Then, no matter what they do there will not be one single penny of change to your tax liability, up or down. Just leave the current asset alone, add the new heat pump as a new asset, and press on with life.