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Forum: Daycare and Taxes 02-11-2020, 10:12 AM
Replies: 6
Views: 2,546
Posted By TomCopeland
ac/heat pump

This sounds like a home improvement that should be depreciated over 39 years and it represents more than half of the cooling/heating system in your home. See my article about exceptions to this...
Forum: Daycare and Taxes 02-07-2020, 07:15 AM
Replies: 6
Views: 2,546
Posted By TomCopeland
water heater

Providers can deduct the business portion of any expense in one year, without having to depreciate it. The exceptions are the purchase of a home, home improvement and home addition.
Forum: Daycare and Taxes 01-29-2019, 03:40 PM
Replies: 6
Views: 2,546
Posted By TomCopeland
expenses

If you use the fireplace in your business you could deduct time-space% of the cost. Same for the basement. If either costs are less than $2,500 you can deduct the business portion in one year. If...