Forum: Daycare and Taxes 07-05-2019, 08:00 AM

Replies: 4 Kitchen Remodel Views: 3,365 Posted By TomCopeland kitchen remodel Since the cost is less than $2,500 you can deduct the business portion in one year on Schedule C. Call it a repair.

Forum: Daycare and Taxes 12-14-2018, 11:36 AM

Replies: 4 Kitchen Remodel Views: 3,365 Posted By TomCopeland Remodeling If the total cost (not counting tools) was more than $2,500 you need to treat this as a home improvement and depreciate it over 39 years. Deduct your time-space% of the tools separately in one year.