Home Updates
We did some updates to our kitchen throughout 2019 I paid a contractor to replace countertops (over $5k) and paid a separate contractor to replace floor tile/back splash ($1,500) I purchased the tile($500). Do I have to add these up and depreciate them or can I separate and deduct the business portion in one year for the tile work and purchase of the tile and I assume I would have to depreciate the countertops?
I also had another contractor come in last year and scrape, texture, and repaint ceilings($2,200) in most of the downstairs and a portion of the upstairs(all areas used for the daycare). Can I deduct this in one year? |
Here are some more threads regarding deductions for home improvements: https://www.daycare.com/forum/tags.p...me+improvement
|
depreciation?
Originally Posted by goldstar: |
All times are GMT -7. The time now is 05:32 AM. |