1. We had a pest control service come out to take care of the lawn so the kids could play without the inconvenience of weeds. It was $228 for the season to keep it treated. Is this a one time expense that I could claim 100% daycare or does it need to be a shared expense for fees? I know it's right above $200 rule of thumb limit, but it's going to be an annual fee we pay so I wasn't sure if I need to depreciate it or just write it off under fees whether it's exclusively daycare or a shared expense.
2. We had our livingroom, halls, and steps carpeted. Would that be a shared personal property over 7 years?
3. We had an electrical outlet installed in the garage because we bought a second full size deep freeze to use exclusively for daycare meals. It was $315 to have an electrician install the outlet. How do I depreciate it?
4. We have our basement all daycare, even the entrance is separate. The daycare kitchen flooring was concrete until 2014 when we installed laminate flooring. Is this exclusive shared property over 7 years since it's installed in a daycare only used room?
5. Completing our daycare and my husbands w2 for last year was $358. Is this a shared fees expense for write-off or since it's over the rule of thumb limit does it need to be depreciated? It would make sense to have it be a fees and write it off in the same year because it's an annual expense.
2. We had our livingroom, halls, and steps carpeted. Would that be a shared personal property over 7 years?
3. We had an electrical outlet installed in the garage because we bought a second full size deep freeze to use exclusively for daycare meals. It was $315 to have an electrician install the outlet. How do I depreciate it?
4. We have our basement all daycare, even the entrance is separate. The daycare kitchen flooring was concrete until 2014 when we installed laminate flooring. Is this exclusive shared property over 7 years since it's installed in a daycare only used room?
5. Completing our daycare and my husbands w2 for last year was $358. Is this a shared fees expense for write-off or since it's over the rule of thumb limit does it need to be depreciated? It would make sense to have it be a fees and write it off in the same year because it's an annual expense.
Comment