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MyAngels 03:56 PM 03-27-2018
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!
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TomCopeland 08:52 AM 03-28-2018
Originally Posted by MyAngels:
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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MyAngels 05:14 PM 03-28-2018
Thank you!
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