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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 01-27-2011, 04:18 PM
kitkat kitkat is offline
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Default Home Improvement Depreciation: Which Form?

Please help! I think I've re-read this stuff too many times and have confused myself! I started child care in 06. In 09 we had a home improvement and depreciated it on the taxes last year. What form do I use this year to claim the continued depreciation...4562 or 8829? If I had a new home improvement to claim in 2010, which form would I use to depreciate that?
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Old 01-27-2011, 08:58 PM
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TomCopeland TomCopeland is offline
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Default Home Improvements

Claim home improvements on Form 4562. For the first year of the home improvement claim in on line 19i. After the first year claim it on line 17.
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Old 01-28-2011, 04:20 AM
kitkat kitkat is offline
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Thanks, Tom! And I sincerely mean this...you are the greatest
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