-
Hi. I’m not sure how to claim my home depreciation for being open only 5 months in 2019. Do I change the percentage for depreciation of home on Form...
-
Hello, we operate a home daycare in a state that allows a home investment tax credit for home daycare providers for purchases of qualified personal property...
-
Hi All,
We are running an unlicensed daycare on a regular basis in our home.
We have not applied for, been granted, and... -
We had the exterior of our house painted in 2018, where and how do I put this in my taxes? Under home improvement? Depreciate?
-
I am attempting to complete my 2017 taxes following an extension. Turbo tax is confusing me, and I’m hoping for clarification.
Does... -
So I read your blog, about the new tax laws. It's a lot to take in, and I want to check my understanding on it.
If I understand correctly,... -
I just opened this year. We finished our basement for the daycare. We plan to move in 2 years, but life can happen so no guarantees. How will depreciation...
-
I paid to get my taxes done this year and my accountant depreciated:
1. Windows we replaced: 39 years.
2. Water Heater we replaced: 7 years.... -
I am confused about depreciation. Do I need to depreciate anything if I am just renting? Would I still need to depreciate couches, etc if they are more...
-
I see in figuring out what to depreciate, you are to subtract the value of your land from your purchase price (or tax assessment whichever is lowest)....
-
Is my baby Swing
Smart TV
Crib
Upright Freezer
Beluga Rocker/Recliner
Master Bedroom Set and
Carpet..............all... -
I'm getting confused! 2012 was my first year of business and I have to finish my tax things in the next few days for my tax lady. Is it easier to just...
-
Can I depreciate home improvements made to the home we rent. This is not a rental property, we live in the home and pay rent to family members that jointly...
-
If I bought my house on April 26th, and the purchase value (minus land) is $198K. What would I claim for the depreciation value, if I started my DC business...
-
Need some help… We remodeled our daycare space. It is part of our house but is a dedicated space just for daycare (was formally our living room/dining... -
We built new decks, front and back this fall. I need to depreciate these 39 years, right? The same thing for our new furnace.
However,... -
As I'm looking back through my last 3 years taxes since starting daycare, I noticed that Part III of my form 8829, the Depreciation of Home part is 0%...