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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 02-17-2020, 09:44 AM
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Reimel61 Reimel61 is offline
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Default Question on Maintenance Deduction

I had my driveway sealed for $300. Can I deduct that all at once?
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Old 02-17-2020, 11:55 AM
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Default deductions

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Originally Posted by Reimel61 View Post
I had my driveway sealed for $300. Can I deduct that all at once?
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Yes, you can deduct the business portion of any expense, no matter what the cost, with the exception of the purchase of a home, home improvement or home addition. Multiply the $300 by your time-space% and deduct it as a repair on Form 8829.
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