llove530 01:09 PM 01-14-2014
How do I deduct a new lawn mower, front door, cement fixing on stoop, and kitchen faucet?
TomCopeland 07:24 AM 01-15-2014
Originally Posted by llove530:
How do I deduct a new lawn mower, front door, cement fixing on stoop, and kitchen faucet?
I'm assuming you bought this stuff in 2013. Use your time-space % on all the items because I'm assuming they are used by both your business and your family.
Use the 50% bonus rule and depreciate the lawn mower over 7 years. Claim the front door, cement and faucet as maintenance on Form 8829 and deduct it in one year.