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New Member
posted Apr 18, 2022 6:44:25 PM

I was told I could claim my whole house generator. how do i do that

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2 Replies
Expert Alumni
Apr 18, 2022 7:01:59 PM

You can not deduct the expense to purchase and install a whole house generator on your tax return.  This is considered a capital improvement and is added to the basis of your home. Your basis is used when you sell to determine capital gain or loss. 

 

 A capital improvement is something that actually adds to the value of the home or increases its usefulness.  Some examples of capital improvements are:

  • Remodels and room additions (including decks and porches)
  • New or upgraded landscaping, irrigation, sprinkler system
  • Hardscape such as pavement, block or retaining wall, patio
  • Fencing
  • Swimming pool, spa
  • Storm windows, doors
  • New roof
  • Central vacuum or security system
  • Upgraded wiring, plumbing, ductwork
  • Central heating, AC, humidifier
  • New furnace, water heater
  • Filtration, soft-water, or septic system
  • Built-in appliances
  • Whole house generator
  • New flooring or wall-to-wall carpeting
  • Upgraded insulation
  • Satellite dish

 

Expert Alumni
Apr 18, 2022 7:02:10 PM

You can not deduct the expense to purchase and install a whole house generator on your tax return.  This is considered a capital improvement and is added to the basis of your home. Your basis is used when you sell to determine capital gain or loss. 

 

 A capital improvement is something that actually adds to the value of the home or increases its usefulness.  Some examples of capital improvements are:

  • Remodels and room additions (including decks and porches)
  • New or upgraded landscaping, irrigation, sprinkler system
  • Hardscape such as pavement, block or retaining wall, patio
  • Fencing
  • Swimming pool, spa
  • Storm windows, doors
  • New roof
  • Central vacuum or security system
  • Upgraded wiring, plumbing, ductwork
  • Central heating, AC, humidifier
  • New furnace, water heater
  • Filtration, soft-water, or septic system
  • Built-in appliances
  • Whole house generator
  • New flooring or wall-to-wall carpeting
  • Upgraded insulation
  • Satellite dish