Question on Maintenance Deduction

Reimel61 · #1 02-17-2020, 09:44 AM

I had my driveway sealed for $300. Can I deduct that all at once?
Thanks

TomCopeland · #2 02-17-2020, 11:55 AM

Quote:

Originally Posted by Reimel61

I had my driveway sealed for $300. Can I deduct that all at once?
Thanks

Yes, you can deduct the business portion of any expense, no matter what the cost, with the exception of the purchase of a home, home improvement or home addition. Multiply the $300 by your time-space% and deduct it as a repair on Form 8829.

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