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Old 03-11-2008, 08:00 PM
Harlan Lunsford
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Default Re: New nat gas furnace - energy credits?

Walter Cohen wrote:
- quote -

> 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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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
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Old 03-11-2008, 12:22 AM
Walter Cohen
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Posts: n/a
Default New nat gas furnace - energy credits?

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"?

Thanks,
Walter

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
credits, energy, furnace, gas, nat
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