gletvin
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Thanks Coleen. So, for a SPAS built in 2021, can I depreciate 100% of cost in building on 2021 return?
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Thanks, Annette! Information is good and helpful!
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When do I depreciate and when do I just expense. Again, for example, if a security camera system is added, is that depreciated or expensed. Or, if I build an in...
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Thanks, Coleen, that helps! Yes balance of building is for personal use, lawn equip, truck, etc.. One example of improvement might be security cameras, and I'll...
Activity Feed for gletvin
- Posted Re: Building deduction on Deductions & credits. April 13, 2022 3:53 PM
- Posted Building deduction on Deductions & credits. April 13, 2022 9:37 AM
- Posted Re: I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of ... on Deductions & credits. March 15, 2022 7:13 AM
- Cheered Re: I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of ... for AnnetteB6. March 15, 2022 7:12 AM
- Posted Re: I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of ... on Deductions & credits. March 15, 2022 5:55 AM
- Cheered Re: I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of ... for ColeenD3. March 14, 2022 8:30 AM
- Posted Re: I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of ... on Deductions & credits. March 14, 2022 8:29 AM
- Posted I have put up a new building. 1/3 is exclusive to business use only. Of the remaining 2/3 of building, 1/2 of that space is used for business storage. What are my options for deductions? Also, if I add items to building, how are they deducted. on Deductions & credits. March 14, 2022 5:11 AM