aemcclane 07:54 AM 03-16-2015
I opened my business in 2014 and had to install 2 new windows in order to get licensed. Would this be considered a home improvement to be depreciated or a start up cost since we only did it because of the business?
TomCopeland 03:23 PM 03-16-2015
Originally Posted by aemcclane:
I opened my business in 2014 and had to install 2 new windows in order to get licensed. Would this be considered a home improvement to be depreciated or a start up cost since we only did it because of the business?
Under a new IRS ruling, replacing a few windows would be considered a repair and therefore can be deducted in one year. Deduct the entire cost in 2014.
aemcclane 04:58 PM 03-16-2015
Thank you very much!