Deduction Question?

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  • llove530
    Daycare.com Member
    • Jan 2011
    • 23

    Deduction Question?

    How do I deduct a new lawn mower, front door, cement fixing on stoop, and kitchen faucet?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    deductions

    Originally posted by llove530
    How do I deduct a new lawn mower, front door, cement fixing on stoop, and kitchen faucet?
    I'm assuming you bought this stuff in 2013. Use your time-space % on all the items because I'm assuming they are used by both your business and your family.

    Use the 50% bonus rule and depreciate the lawn mower over 7 years. Claim the front door, cement and faucet as maintenance on Form 8829 and deduct it in one year.
    http://www.tomcopelandblog.com

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