|
|
|
|||||||
| 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. |
 |
|
|
Thread Tools | Display Modes |
|
#1
12-23-2011, 01:57 PM
|
||||
|
||||
Surveilance System
This year I purchased 4 camera's and a screen to use inside my house....to be able to see all kids at all times. Do I have to depreciate this? If so, can I use the 2011 100% depreciation? How do I enter that into MMK?
|
|
#2
12-23-2011, 02:36 PM
|
||||
|
||||
|
surveillance system
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).
__________________
http://www.tomcopelandblog.com
|
|
| Tags |
| cctv, deduction - security, security system, surveilance, video monitors |
| Thread Tools | |
| Display Modes | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| In Need Of A New Payment System | Unregistered | Daycare Center and Family Home Forum | 12 | 01-19-2011 05:45 AM |
| Fire Alarm System Not Functioning @ Daycare | Unregistered | Parents and Guardians Forum | 4 | 08-01-2010 06:30 PM |
| CCTV Surveillance System For Daycare Centers | DTSCCTV | Daycare Center and Family Home Forum | 8 | 05-05-2010 12:36 PM |
| I Just Don't Understand This - People Abuse the System | mac60 | Daycare Center and Family Home Forum | 16 | 12-23-2009 01:06 PM |
| Great Check in/Check Out System | Jbroxton | Daycare Center and Family Home Forum | 0 | 07-03-2009 12:49 PM |
Linear Mode
