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March 24, 2023
Question

I sold $25,000 in stock to put a new roof on my house . I saw where I had to claim the $25,000 but where do I claim where it went for a new roof?

  • March 24, 2023
  • 1 reply
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Where do I claim $20,000 went towards metal roof and spouting?

1 reply

March 24, 2023

The tax credit for a qualified metal roof, on your personal residence, is 10 percent of the cost of qualifying materials, up to a maximum of $200 credit.

  • Enter the amount you paid for a metal roof with the appropriate pigmented coatings.
  • Do not include the costs of assembly, preparation, or installation.

 

To enter your energy-saving home improvement roof: 

  1. Open or continue your return, if you don't already have it open
  2. In TurboTax, search for energy improvements (Don't search for energy credit as this will take you to the wrong place)
  3. Select the Jump to link in the search results
  4. On the Energy-Saving Home Improvements screen, answer Yes and Continue. Follow the instructions on the next screens
    • The first part of the interview covers improvements like doors, windows, furnace, air conditioning, and heat pumps. If you're looking for other improvements like solar, geothermal, wind, and fuel cell, just keep going—we'll ask you about these soon
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