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Max 09:09 PM 05-21-2017
Sorry if any of this has been covered

First question... I can deduct up to $5,000 in start up expenses my first year of business - does this include any home or land improvements/repairs?

So far this year I've paid:
- $2,180 to replace baseboard covers (required by licensing)
- $850 for a fence (also required by licensing).
- $1500 for tree removal (licensing didn't say this was required but the trees were dying and posed a hazard to the yard where the children would play).
- $4,000 total for new concrete and landscaping (all of this was individually billed out and paid, each item was less than $2500).

Second question... Can all of the above be claimed in one year under the $2500 rule?

Third question... Since licensing required the baseboard covers and fence (and I have it in writing) I planned to deduct those 100%. The remaining items would be deducted at my T/S%, correct?
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