Mine is located under the dinette bench on the same side as the water heater. Remove the cushion and then the wood platform, it might be underneath like mine.
On our GS motorhome, the bypass valves are attached to the rear of the water heater and have a blue hard plastic tag that indicates proper direction for bypass or normal water heater flow.
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Originally Posted by Sr51391
If the 2020 5240 has bypass valves for water heater where would they be located