View Single Post
  #2  
Old 02-14-2016, 08:00 AM
TomCopeland's Avatar
TomCopeland TomCopeland is offline
Business Author/Trainer
 
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,066
Default expenses

Quote:
Originally Posted by MissAnn View Post
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
__________________
http://www.tomcopelandblog.com
Reply With Quote