Hello! I spent $7500 last year to replace our AC unit. How/where do I input this deduction on my taxes? We are not looking to sell our home anytime soon, however.
Hello! I spent $7500 last year to replace our AC unit. How/where do I input this deduction on my taxes? We are not looking to sell our home anytime soon, however.
Per this excerpt from an article from the IRS on Energy Efficient Home Improvements Credits you may qualify for an energy credit for your AC unit. You should check for the manufacturers tax credit certification statement to insure that your unit qualifies.
You would enter it in the Deductions and Credits section, then Your Home, then Home Energy Credits.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"