topic Can I deduct a new gas furnace? in Business & farm

Can I deduct a new gas furnace?

Kat1927 — Wed, 11 Feb 2026 03:57:19 GMT

Turbo let me deduct my new water heater, but doesn't show where to deduct my new gas furnace.

Re: Can I deduct a new gas furnace?

DoninGA — Fri, 09 Feb 2024 21:00:13 GMT

On the page Enter Your Qualified Energy Costs use the box labeled Water boilers for the cost of the furnace. The box needs to be re-labeled. If you click on the Learn More link it will describe -

Enter the amounts you paid for a natural gas, propane, or oil furnace or hot water boilers...

That is the correct location to enter the furnace cost as it will flow to the Form 5695 Line 24a for Enter the cost of natural gas, propane, or oil furnace or hot water boilers

Re: Can I deduct a new gas furnace?

feelie75 — Mon, 12 Feb 2024 22:31:15 GMT

Thank you so much for this reply! That box really does need to be re-labeled! I clicked Learn More on some of the other ones, but never thought to click it on THIS one because it didn't seem remotely likely that was the correct choice, but apparently it is!! Thanks! Got my extra $600 now, yay!