Home Improvement Depreciation: Which Form?

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  • kitkat
    Senior Member
    • Jun 2009
    • 618

    Home Improvement Depreciation: Which Form?

    Please help! I think I've re-read this stuff too many times and have confused myself! I started child care in 06. In 09 we had a home improvement and depreciated it on the taxes last year. What form do I use this year to claim the continued depreciation...4562 or 8829? If I had a new home improvement to claim in 2010, which form would I use to depreciate that?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Home Improvements

    Claim home improvements on Form 4562. For the first year of the home improvement claim in on line 19i. After the first year claim it on line 17.
    http://www.tomcopelandblog.com

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    • kitkat
      Senior Member
      • Jun 2009
      • 618

      #3
      Thanks, Tom! And I sincerely mean this...you are the greatest

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