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dolphin1947
New Member

Can i deduct a new 50 gallon water heater parts and labor for my home residence?

 
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CherylW
Level 3

Can i deduct a new 50 gallon water heater parts and labor for my home residence?

If it is for a personal residence, then No.  It gets added to the basis when you sell the residence.

If it was for a rental residence, then Yes.  It may be depreciable.

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3 Replies
CherylW
Level 3

Can i deduct a new 50 gallon water heater parts and labor for my home residence?

If it is for a personal residence, then No.  It gets added to the basis when you sell the residence.

If it was for a rental residence, then Yes.  It may be depreciable.

dolphin1947
New Member

Can i deduct a new 50 gallon water heater parts and labor for my home residence?

I failed to mention it was a gas water heater I wonder if it will make a difference
CherylW
Level 3

Can i deduct a new 50 gallon water heater parts and labor for my home residence?

You could check this page, you may qualify for an energy credit if it's on the list: 

Energy Star's Products for Form 5695 


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