I put in a heat pump at my rental and got a rebate from the store is that income or does it reduce my basis?

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A rebate from the store or manufacturer is a reduction of the selling price and, thus, a reduction of your basis in the asset.

It is not taxable income.

For more information, please see IRS Pub. 551 Basis of Assets.

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A rebate from the store or manufacturer is a reduction of the selling price and, thus, a reduction of your basis in the asset.

It is not taxable income.

For more information, please see IRS Pub. 551 Basis of Assets.

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