Go to the following website to see if your heat pump is eligible for a federal home energy credit -
Energy efficient appliances are not eligible for a federal Home Energy Tax credit. However, some states have this credit available for appliances. The state interview will ask about these appliances if the credit is available in your state.
To claim the federal Home Energy Credit in TurboTax -
- Go to Federal Taxes
- Click on Deductions and Credits
- Click on Explore on My Own
- Under Your Home
- On Home Energy Credits, click the start or update button
If your heat pump is eligible, enter the cost in the field called Energy-Efficient Building Property.
You may also include the amounts paid for the assembly, preparation and installation of these items. The maximum dollar amount for energy-efficient building property is 10% with a credit limit up to $300.
Never mind, the entry suggested was incorrect, to get the 10% Tax credit for a "ductless Heat pump" installed in 2013, owners must make the entry for "Energy-Efficient Building property". Turbo-Tax help is also deficient, since it does not include the above mentioned equipment!(?)
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