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Old 04-03-2019, 02:30 PM
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TomCopeland TomCopeland is offline
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Default Section 179

Quote:
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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