I have a taxpayer that waterproofed her basement. The company that did it told her that it increased the R value and counts towards the energy efficient credit. I cannot locate a source for this, unless it falls under the insulation piece. Does anyone have a resource? Thank you.
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Don't you love it when salespeople give tax advice? LOL.
No, based on what you said it doesn't qualify. Increasing the R-value means they are referring to insulation, but the Code requires that the insulation is "specifically and primarily designed to reduce the heat loss or gain". It sounds like whatever they did is "specifically and primarily designed" for waterproofing, not to reduce heat loss (even thought reducing heat loss is an after-effect).
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