IRS PUblications says that maximum of 30% of total costs and no higher than $1,200 is allowable. But the updated version says is now $2,000amount is now $2,000 per year starting in 2023, Which is correct?

1530

Level 15

Mar 27, 2024 3:45:55 AM

What home improvement are you entering on the form 5965?

There are different rules for each section...look at lines 18 thru 20 :