In 2021, I have had the upper floor and lower floor hvacs installed. I was told I could claim 500 for each hvac system. However, how do I go about entering both individual costs in turbotax
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1 Best answer
DoninGA
Level 15
Aug 8, 2022 4:01:17 PM
This credit is limited.
The total combined credit limit of $500 is for all tax years after 2005 when claiming the Nonbusiness Energy Property Credit. There is not an individual credit for each HVAC installed.
The total combined credit limit of $500 is for all tax years after 2005 when claiming the Nonbusiness Energy Property Credit. There is not an individual credit for each HVAC installed.