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Unfortunately, no. You cannot deduct the cost of a new gas furnace for your personal residence.
You can claim the fair market value of the heating oil as a charity donation as an itemized deduction on Schedule A.
If you don't know the fair market value, ask the organization to which it was donated to value.
Unfortunately, no. You cannot deduct the cost of a new gas furnace for your personal residence.
You can claim the fair market value of the heating oil as a charity donation as an itemized deduction on Schedule A.
If you don't know the fair market value, ask the organization to which it was donated to value.
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