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Posted by Harlan Lunsford on March 11, 2008, 5:00 pm
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Walter Cohen wrote:
> Hello.
> I had a new natural gas furnace installed in my home last year. Am I
> allowed any deduction/credit on my 2007 taxes (i.e. home energy credits
> and/or form 5695) or does it "depend"?
If you go to IRS.gov web site and then download form 5695, you can read
up on what qualifies and what doesn't. But, unless this new furnace is
specifically mentioned as qualifying with reference to certain standards
contained in those instructions,you're out of luck.
Like my client today whose brand new heat pump didn't meet the SEER or
S.. something or other ER ratings.
ChEAr$,
Harlan Lunsford, EA n LA
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