Home Expense

[apepearl]

Hi,
This is my first post. Needed to replace my sewer and water line for my house. My question is what can a deduct for the $3000? Is it just the T/S% or using depreciation or both? Please Help

[Michael]

Welcome to the Daycare.com Forum! I upgraded your status. You can post freely now.

[nanglgrl]

Tom Copeland can answer this one. Whenever someone says his name he happens to appear so lets see if it works. ::

[TomCopeland]

Expense

Hi,
This is my first post. Needed to replace my sewer and water line for my house. My question is what can a deduct for the $3000? Is it just the T/S% or using depreciation or both? Please Help

Multiply the cost by your time-space % and deduct this in one year as a repair.