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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
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New Kitchen Appliances And Couch Set
I purchased all new kitchen appliances, Stove,dishwasher, refrigerator, microwave and also a new couch set for my daycare area. All these items were around $1,000 each per item, I was reading if an item is under $2,500 we do not have to do depreciation on the item and can take the full deduction in this tax year. Do I just enter this in my supply section on the schedule C? Or do I still fill out the depreciation work sheets? I am not sure on the Schedule C to place this.
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#2
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Here are a couple of other threads on deductions and appliances: https://www.daycare.com/forum/tags.p...n+-+appliances
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#3
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$2,500 rule
Quote:
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http://www.tomcopelandblog.com |
#4
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Thank you Tom, you answered my question, your reply was exactly what I needed to know. I was not sure after figuring the T/S cost deductions on the items where on the schedule C was the proper line to place the items!
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Tags |
appliances, deduction - appliances, kitchen appliance |
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