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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 03-27-2018, 03:56 PM
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MyAngels MyAngels is offline
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We bought a storage shed last year that cost about $2400, which included laying a rock base for it. It's not attached to the land. Can the TS% be deducted in full for 2017 or is it something that will be depreciated?

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Old 03-28-2018, 08:52 AM
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Originally Posted by MyAngels View Post
We bought a storage shed last year that cost about $2400, which included laying a rock base for it. It's not attached to the land. Can the TS% be deducted in full for 2017 or is it something that will be depreciated?

Thanks!
Since it cost less than $2,500 you can deduct the time-space% of the cost in one year - no depreciation.
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Old 03-28-2018, 05:14 PM
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