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Daycare and Taxes>Roof Replacement
Blackcat31 07:21 AM 04-01-2013
Where do I put the supply and/or material costs for a new roof on my daycare house? (I don't live in my daycare house)

Also can I deduct my DH's labor/time for replacing the roof?

Thank you in advance Tom!
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TomCopeland 11:32 AM 04-01-2013
Originally Posted by Blackcat31:
Where do I put the supply and/or material costs for a new roof on my daycare house? (I don't live in my daycare house)

Also can I deduct my DH's labor/time for replacing the roof?

Thank you in advance Tom!
Add all the costs associated with the new roof and depreciate 100% of this over 39 years. Your husband's time doesn't count for anything, because you are already able to deduct 100% of the costs associated with the house you don't live in.
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