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Can heat pump installation be deducted as large sales tax item?

Forum|Forum|6 years ago
June 1, 2019
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TurboTax Premier Online

Best answer by jbourvic

You can only deduct the Sales Tax portion. TurboTax will open a form for you to enter the cost, then enter the Sales Tax paid based on your State's/County/Local combined sales tax rate, which must also be entered. It will then add that value to the calculated General Sales Taxes on Line 5 of Schedule A.

The Heat Pump may also qualify for an Energy Credit. You should look into that.

J

jbourvicAnswer

You can only deduct the Sales Tax portion. TurboTax will open a form for you to enter the cost, then enter the Sales Tax paid based on your State's/County/Local combined sales tax rate, which must also be entered. It will then add that value to the calculated General Sales Taxes on Line 5 of Schedule A.

The Heat Pump may also qualify for an Energy Credit. You should look into that.

T

tmolbrich55Author

Thanks! I navigated through the Q&A to see if my heat pump qualified for the Energy Credit, but it did not, which is why I questioned if it qualified as a "large item", to see if I could deduct the sales tax portion. I appreciate your reply.