Security Camera

[tenderhearts]

Tom, I was wondering if a home security system is something I can write off on taxes or at least a portion of it?
this is an outdoor security system.

Thank you

[Michael]

Here is a previous thread on the topic: https://www.daycare.com/forum/showthread.php?t=39615

Originally Posted by TomCopeland

Yes, a surveillance system would be 100% deductible. You can use the Section 179 rule to claim it in 2011 rather than depreciating it. You could also use the 100% bonus depreciation rule to claim it this year, as well. If you plan to go out of business in the next 5 years, use the 100% bonus depreciation rule. If your state does not recognize the 100% bonus rule, use the Section 179 rule.
Enter it under "furniture, appliances" on Minute Menu (because it's considered 7 year property).

[tenderhearts]

Well ours is an outdoor security system so I don't know if that would be the same benefit or not.

[Michael]

Originally Posted by tenderhearts

Well ours is an outdoor security system so I don't know if that would be the same benefit or not.

I would think that security is an indoor/outdoor necessity for a childcare business. Maybe Tom will add more.

[TomCopeland]

Originally Posted by tenderhearts

Well ours is an outdoor security system so I don't know if that would be the same benefit or not.

Same answer, it's deductible. Unless it was purchased specifically for your business, I'd use your time-space%. It didn't make that clear in my earlier answer.

[tenderhearts]

Great thank you!