topic Can I deduct electric panel replacement as repair/upgrade? in Get your taxes done using TurboTax

Can I deduct electric panel replacement as repair/upgrade?

betterbetter1 — Tue, 10 Mar 2026 05:32:25 GMT

Re: Can I deduct electric panel replacement as repair/upgrade?

Bsch4477 — Tue, 19 Jul 2022 04:45:56 GMT

Was the electrical panel for your business or your home?

Re: Can I deduct electric panel replacement as repair/upgrade?

betterbetter1 — Tue, 19 Jul 2022 05:37:02 GMT

it was for my home

Re: Can I deduct electric panel replacement as repair/upgrade?

Mike9241 — Tue, 19 Jul 2022 05:45:59 GMT

repairs or upgrades to your personal residence are not deductible. you haven't provided enough info for commenting on whether the replacement would add to your basis in your home. so why the replacement? what was the difference between the old and new? for example I would say replacing an old one using fuses with a new one using circuit breakers would be an upgrade adding to the home's basis.