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Go to the Rental area, and in the Rental Summary, there is a page for expenses. One of the expenses listed is repairs. List the repairs under here.
As long as it ordinary and necessary business expenses they are deductible.
Why haven't you been depreciating the skid steer? Has it been used with another business?
Go to the Rental area, and in the Rental Summary, there is a page for expenses. One of the expenses listed is repairs. List the repairs under here.
As long as it ordinary and necessary business expenses they are deductible.
Why haven't you been depreciating the skid steer? Has it been used with another business?
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