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Daycare and Taxes All things related to Taxes and running a Daycare post here. Topics of tax exemptions, forms, filings, tax write offs, IRS etc. |
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#1
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I've read through many of Tom's articles and can't make heads or tails of how I go about depreciating the new HVAC I am having put on my house next week. Do I depreciate it over the 39 years or do I first deduct 50% of it, then depreciate the rest at the 39 years??? Basically, I don't know if a HVAC qualifies for the 50% bonus depreciation. Thanks in advance for any help!
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#2
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#3
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That is FANTASTIC! Thank you for the help!
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#5
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The 100% bonus depreciation rule is not set to expire. Things can always change in later years, however.
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http://www.tomcopelandblog.com |
#6
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Thank you for the information. |
#7
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Hi there, one more question if I could, Tom.
![]() How does it work if we financed the HVAC and didn't just pay cash for it? If we are paying say $200 a month for a set number of years on it through a program called the HERO program (with this program, the whole amount of the new HVAC basically gets attached to our mortgage payment which in turn ups our mortgage payment per month for a set number of years), would I still deduct it in its entirety as a time/space % for the 2018 year, or use the time/space% for 12 separate expenses of $200 each throughout the year? I hope that makes sense ![]() ![]() |
#8
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http://www.tomcopelandblog.com |
#9
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hvac, time space percentage |
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