turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

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

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?

Connect with an expert
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

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.

View solution in original post

1 Reply

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.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies