New Air Conditioner/Heater Unit

[MissAnn]

How do I deduct this? Depreciation?

[TomCopeland]

Originally Posted by MissAnn

How do I deduct this? Depreciation?

If it cost less than $2,500 you can deduct the business portion in one year. If it costs more you would depreciate it over 39 years. However, there is also a new rule that may allow you to deduct it in one year: http://tomcopelandblog.com/when-is-a...t-now-a-repair

I deduct the portion in one year. But how to deduct the repairing costs?

I wonder too how to deduct conditioner repairing costs.

[TomCopeland]

Originally Posted by sadpomoi

I deduct the portion in one year. But how to deduct the repairing costs?

You can always deduct the business portion of a repair in one year, regardless of the cost. Apply your time-space%.

[TomCopeland]

Originally Posted by martiscore

I wonder too how to deduct conditioner repairing costs.

Same answer as above. Apply your time-space% and deduct in one year.