HVAC replacement repair or depreciate
Based on the information you have provided, I can tell you with absolute certainty ........................................... that you are a little short on facts to help you out.
If a new unit is installed in income producing property, it is depreciated. If it is installed in a personal residence, the cost is added to the basis of the home. If an old unit is cleaned and/or repaired, the amount can be deducted as a repair expense for income producing property.
For anyone who doesn't know the term, HVAC is heating, ventilation and air conditioning.
But are we replacing the heating, the ventilation, the air conditioner, or parts for any or all three of the components?
If a Business, New Unit=depreciate',If repaired= Expense
If in business and you're really in doubt, troubled, or perplexed; enter the asset on form 4562 & take a sec 179 deduction
That's a good, safe answer, Skylane, if there are no 179 limitation problems. It can't be second-guessed.