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emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2995
Experience:  IRS licensed Enrolled Agent and tax instructor
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If I finance installing new energy efficient windows and entry

Customer Question

if I finance installing new energy efficient windows and entry door over 20 yrs do I get to deduct the interest I will be paying?
Submitted: 1 year ago.
Category: Tax
Expert:  emc011075 replied 1 year ago.
Hi. My name is ***** ***** i will be happy to help you. Unless the installation is for a business property, like warehouse or rental home, you will not be able to deduct the interest. It is considered personal and nondeductible. You will get a one time credit in the year of installation.
Customer: replied 1 year ago.
thank you
Expert:  emc011075 replied 1 year ago.
You're welcome. Is there anything else I can help you with today?

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