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-   -   New Air Conditioner/Heater Unit (https://www.daycare.com/forum/showthread.php?t=81610)

MissAnn 02-13-2016 06:35 PM

New Air Conditioner/Heater Unit
 
How do I deduct this? Depreciation?

TomCopeland 02-14-2016 08:00 AM

expenses
 
Quote:

Originally Posted by MissAnn (Post 577186)
How do I deduct this? Depreciation?

If it cost less than $2,500 you can deduct the business portion in one year. If it costs more you would depreciate it over 39 years. However, there is also a new rule that may allow you to deduct it in one year: http://tomcopelandblog.com/when-is-a...t-now-a-repair

sadpomoi 06-08-2021 06:44 AM

I deduct the portion in one year. But how to deduct the repairing costs?

martiscore 06-08-2021 06:44 AM

I wonder too how to deduct conditioner repairing costs.

TomCopeland 06-08-2021 07:43 AM

Repair
 
Quote:

Originally Posted by sadpomoi (Post 728477)
I deduct the portion in one year. But how to deduct the repairing costs?

You can always deduct the business portion of a repair in one year, regardless of the cost. Apply your time-space%.

TomCopeland 06-08-2021 07:44 AM

Repair
 
Quote:

Originally Posted by martiscore (Post 728478)
I wonder too how to deduct conditioner repairing costs.

Same answer as above. Apply your time-space% and deduct in one year.


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