Forum: Daycare and Taxes 02-11-2020, 10:12 AM

Replies: 6 Home Write-Offs 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 Home Write-Offs 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 Home Write-Offs 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...