I just had my old deck torn down because of structural damage, (35 yrs old) and a new one built. The deck is attached to my 2nd emergency exit. How do I claim this in taxes?
TY
I just had my old deck torn down because of structural damage, (35 yrs old) and a new one built. The deck is attached to my 2nd emergency exit. How do I claim this in taxes?
TY
I assume your deck is used by the daycare children and personally. Therefore, multiply the total cost of the teardown of the old deck and the new deck by your time-space % and depreciate the result over 39 years on Form 4562.
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