JohnJacob
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Wait a minute, my post above was incorrect. This is where I enter the pipe replacement and claim depreciation on it.I know theses are ultra small numbers I'm de...
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@DianeW777Ah I think I see. So here on this screen is where I would include the cost of the pipe replacement?For tax year 2023, I already have $1,553 of expense...
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@DianeW777OK I think I am understanding. The pics below are the screen shots I followed along. I counted the replacement of the plumbing as a "Qualified Improve...
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Any idea how I am supposed to categorize the home plumbing improvement to the house in which we operate the home baking business?
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Thanks for the reply! Yes, I specified only 5% of the cost of replacing the plumbing in the house is allocated to the baking business.
Activity Feed for JohnJacob
- Cheered Re: TurboTax Does Not Know How to Calculate EFFECTIVE TAX RATE for vdawg. February 19, 2025 6:33 AM
- Cheered Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... for DianeW777. February 21, 2024 5:17 PM
- Posted Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... on Business & farm. February 20, 2024 6:05 PM
- Posted Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... on Business & farm. February 20, 2024 5:03 PM
- Cheered Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... for DianeW777. February 20, 2024 4:53 PM
- Cheered Re: Adjustment Code D, Sold bank CDs, Not Sure What to Enter for DianeW777. February 20, 2024 4:46 PM
- Posted Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... on Business & farm. February 20, 2024 3:40 PM
- Posted Adjustment Code D, Sold bank CDs, Not Sure What to Enter on Get your taxes done using TurboTax. February 20, 2024 2:42 PM
- Posted Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... on Business & farm. February 20, 2024 2:32 PM
- Cheered Re: accrued interest requires a value when code D is entered as a manual adjustment code for JulieS. February 20, 2024 2:22 PM
- Posted Re: Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating... on Business & farm. February 19, 2024 12:43 PM
- Posted Home Baking Business - Replaced All Plumbing in House, where and how to enter as depreciating asset? on Business & farm. February 19, 2024 10:13 AM
- Posted Re: Virginia 529, What counts as a unique account for figuring the deduction? on State tax filing. March 23, 2023 4:24 PM
- Cheered Re: Virginia 529, What counts as a unique account for figuring the deduction? for AnnetteB6. March 23, 2023 4:24 PM
- Posted Virginia 529, What counts as a unique account for figuring the deduction? on State tax filing. March 18, 2023 7:08 AM
- Posted Re: Help Understanding Why Depreciation Amount Same for Tax Year 2021 and 2022 on Get your taxes done using TurboTax. March 15, 2023 1:53 PM
- Posted Re: Help Understanding Why Depreciation Amount Same for Tax Year 2021 and 2022 on Get your taxes done using TurboTax. March 15, 2023 1:52 PM
- Posted Re: Help Understanding Why Depreciation Amount Same for Tax Year 2021 and 2022 on Get your taxes done using TurboTax. March 15, 2023 4:13 AM
- Posted Re: Help Understanding Why Depreciation Amount Same for Tax Year 2021 and 2022 on Get your taxes done using TurboTax. March 14, 2023 4:43 PM
- Posted Help Understanding Why Depreciation Amount Same for Tax Year 2021 and 2022 on Get your taxes done using TurboTax. March 14, 2023 2:11 PM