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Old 04-03-2019, 02:30 PM
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TomCopeland TomCopeland is offline
Business Author/Trainer
Join Date: Jun 2010
Location: St. Paul, Minnesota
Posts: 3,057
Default Section 179

Originally Posted by Firefly View Post
So in the above example where they finish off their basement and use it for daycare, use section 179 but go out of business in 5 years, how much of that deduction would need to be repaid?
A home improvement is depreciated over 39 years. So, if she goes out of business in 5 years she will have to report as income the amount of 34 years of depreciation.
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