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baseballcoach13
Level 2

Does replacing my heat pump qualify as a major purchase?

My replacement heat pump does not meet fed requirements for the energy tax credit, but within the deductions questionnaire, it asks if I bought any major items during 2016 and it says materials for home improvements qualify.  Would replacing a heat pump qualify for this deduction?

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Accepted Solutions
tygrtchr
Level 7

Does replacing my heat pump qualify as a major purchase?

The heat pump was a replacement--not an improvement--and did not increase the value of your home.  The sales tax you paid on the purchase might be deductible on Schedule A.

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1 Reply
tygrtchr
Level 7

Does replacing my heat pump qualify as a major purchase?

The heat pump was a replacement--not an improvement--and did not increase the value of your home.  The sales tax you paid on the purchase might be deductible on Schedule A.

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