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Daycare and Taxes>New Air Conditioner/Heater Unit
MissAnn 06:35 PM 02-13-2016
How do I deduct this? Depreciation?
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TomCopeland 08:00 AM 02-14-2016
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
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sadpomoi 06:44 AM 06-08-2021
I deduct the portion in one year. But how to deduct the repairing costs?
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martiscore 06:44 AM 06-08-2021
I wonder too how to deduct conditioner repairing costs.
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TomCopeland 07:43 AM 06-08-2021
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%.
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TomCopeland 07:44 AM 06-08-2021
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.
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Tags:deduction - air conditioning, tom copeland
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