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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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Old 03-03-2018, 12:29 PM
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Quiet Time Quiet Time is offline
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Default Destructive DCK

Interesting year of daycare. I had a DCK drop my computer off the kitchen table and managed to crack a tile (right in the middle). About a month later, same little guy tried to swing on an open cabinet door and broke an snapped the cabinet! It was older and needed replacing, but with these fixes be a REPAIR (one-year deduction) or Remodel (spread out over something like 29 or 39 years)?
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Old 03-03-2018, 12:41 PM
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Quiet Time Quiet Time is offline
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Default Better explanation of what I mean

Interesting year of daycare. I had a DCK drop my computer off the kitchen table and managed to crack a tile (right in the middle). About a month later, same little guy tried to swing on an open cabinet door and broke the hinges and snapped the cabinet! It was older and needed replacing, but when all was said and done, it was just over $3,000 for the cabinet alone and over $2,000 when I fix the floor (tile is discontinued). Would these fixes be a REPAIR (one-year deduction) or Remodel (spread out over something like 29 or 39 years)?
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Old 03-04-2018, 12:57 AM
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Welcome to the forum!
Here are some threads regarding deduction on repairs: https://www.daycare.com/forum/tags.p...tion+-+repairs
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Old 03-05-2018, 11:11 AM
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Default repairs

Quote:
Originally Posted by Quiet Time View Post
Interesting year of daycare. I had a DCK drop my computer off the kitchen table and managed to crack a tile (right in the middle). About a month later, same little guy tried to swing on an open cabinet door and broke the hinges and snapped the cabinet! It was older and needed replacing, but when all was said and done, it was just over $3,000 for the cabinet alone and over $2,000 when I fix the floor (tile is discontinued). Would these fixes be a REPAIR (one-year deduction) or Remodel (spread out over something like 29 or 39 years)?
In both situations these are repairs that you can deduct in one year.
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