Question on Maintenance Deduction

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  • Reimel61
    Daycare.com Member
    • Oct 2012
    • 66

    Question on Maintenance Deduction

    I had my driveway sealed for $300. Can I deduct that all at once?
    Thanks
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    deductions

    Originally posted by Reimel61
    I had my driveway sealed for $300. Can I deduct that all at once?
    Thanks
    Yes, you can deduct the business portion of any expense, no matter what the cost, with the exception of the purchase of a home, home improvement or home addition. Multiply the $300 by your time-space% and deduct it as a repair on Form 8829.
    http://www.tomcopelandblog.com

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