Originally Posted by SilverSabre25:
err....what's it supposed to look like? The only thing to depreciate is my house. Last year was the first year I was in business. When I have MMK show me that worksheet, it doesn't look like, well, anything...I just want to make sure I'm doing it right.
I have been reading alot lately on depreciation, and to my knowledge, you dont need a special sheet if you are using MMK. I too am using MMK. But you also must have a whole lot of stuff to depreciate other than just your house. Tom says everything you had before you were in business you can write off like your couch, your kitchen table, and even pic frames on your wall. Anything that makes your home look homey and inviting to parents you can depreciate. Plus your lawn mower, any tools, lamps, etc.