Making Improvements To The Home And Yard

[Guest]

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 trees and flowers planted?


I am very thankful for this forum and the help it provides!

[TomCopeland]

Deductions

I assume your deck would be used for both business and personal purposes. Therefore, you must multiply the cost of the deck by your time-space % and then depreciate the result over 39 years.

If the individual trees and flowers cost less than $100, multiply them by your time-space % and deduct them in one year as house maintenance on Form 8829.

[llove530]

How can you deduct flowers/bushes/trees as part of daycare costs??

[TomCopeland]

flowers trees

If these expenses are part of your land improvement project, you should depreciate them over 15 years. You can then use the 100% bonus depreciation rule and deduct the business portion in one year.