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Level 2
posted Jun 4, 2019 10:22:36 PM

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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1 Best answer
Level 7
Jun 4, 2019 10:22:38 PM

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.

1 Replies
Level 7
Jun 4, 2019 10:22:38 PM

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.