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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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#1
07-26-2021, 03:51 PM
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Replace a Driveway
If I replace my driveway this year because its old and cracking and falling apart, can I depreciate 100%? It will cost $40k to replace. What if I expand it also to meet zoning requirements stating that I need an adequate turn around for customers? I am a residential day care provider.
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#2
07-26-2021, 03:55 PM
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Should I file the safe harbor election for small taxpayers for this?
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#3
07-26-2021, 04:34 PM
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and do I deduct this on form 8829 or schedule C?
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#4
07-27-2021, 10:18 AM
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I would contact Tom Copeland at www.TomCopelandblog.com he would know the answer to all these questions, and he doesn't charge for his advice.
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#5
07-29-2021, 04:10 PM
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Quote:
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#6
07-29-2021, 04:10 PM
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Quote:
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| Tags |
| depreciation - driveway, driveway, safe harbor, tom copeland |
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