turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I purchased a new furnace/ac system for my home in 2017, is there a deduction for this?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DS30
New Member

I purchased a new furnace/ac system for my home in 2017, is there a deduction for this?

No - you will not be able to claim a deduction for your new HVAC. Instead you will increase the basis in your home for the cost of the new unit.

However, there may be a home energy tax credit available. Please click this link for more information.

https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualif...

View solution in original post

1 Reply
DS30
New Member

I purchased a new furnace/ac system for my home in 2017, is there a deduction for this?

No - you will not be able to claim a deduction for your new HVAC. Instead you will increase the basis in your home for the cost of the new unit.

However, there may be a home energy tax credit available. Please click this link for more information.

https://turbotax.intuit.com/tax-tips/home-ownership/energy-tax-credit-which-home-improvements-qualif...

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question