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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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Help Tom!
I paid to get my taxes done this year and my accountant depreciated:
1. Windows we replaced: 39 years. 2. Water Heater we replaced: 7 years. 3. Furnace/AC replaced: 39 years. Reading your 2015 tax changes handout this week, I thought that REPAIRS could be deducted in one year in 2015 vs spreading them out over 39 years. Am I wrong in assuming since all 3 bulleted points failed and had to be replaced, they should be considered "repairs"? Also, we purchased a new Rainbow Play Set at $3500- does the 50% bonus depreciation rule apply or does it have to be under $2500? THANK YOU! |
#2
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Taxes
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Tags |
deduction - heating, deduction - home improvement, depreciate, depreciation - home, time space percentage |
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