Change in Accounting for Repairs ???

[itlw8]

I just got a letter from my tax guy about the change in the deduction for repairs. AND he needs to see all the repairs listed for the last 3 returns....

[TheGoodLife]

We use our back yard a lot for daycare. We have a 2 story walkout, and under our deck is where we store our outside toys and riding things. It is a...

Hello,

Had to get a new roof.

I know it is a home improvement. Is it 39 years???

Also, when they took off...

[LWICD]

Ok so we started construction on a new center in august. Since then we have been spending all kinds of money on supplies and interest payments ect. Since...

This year we added onto our deck. We will use this additional area for story time during nice days as well as enjoying lunch outdoors. The cost of the...

[tk1088]

Hi... This is my second year as a homedaycare provider.
For tax purposes, how do I depreciate my home if we had a new roof installed this year...

We had to replace 2 windows this year in the 100% day care area of our home. It was not by choice and they were only about 8 years old. Problem was the...

[MarinaVanessa]

We've done several home improvement projects to our home this year including regrouting our tile, remodeling our kitchen and replacing all of our windows....

[athomemommy]

I am new here sorry if this has already been said

How do you record building a deck? ( would I do a time share %)
How do I record...

[wdmmom]

I have a few questions:

Earlier this year, we had an issue with one of our porch beams rotting. We decided to take down the railing surrounding...

[jojosmommy]

Rented a dumpster to re-do our roof. We were billed seperately for the dumpster. Do we wrap all the costs to complete the project together then divide...

[jojosmommy]

We recently replaced our roof. Does this go under home repair (expense all in 1 yr) or is this a home improvement (depreciate over 39 years). We made...

[tn0087]

We were informed that the playset in our backyard would need to be mulched before the daycare children could play in the backyard as part of NY state's...

[legomom922]

I think I'm getting hung up on th erules or the definitions on what makes something a repair or maintainence vs a home improvement.. What are the rules...

[RachieT]

I have not started my day care yet but in preparation for opening on May 1st we are fencing our yard and buying a mini van. Can these be written off if...