Like Share Print
Depreciation & Recapture
- Can the entire acquisition cost of a computer that I purchased for my business be deducted as a business expense or do I have to use depreciation?
- On what form and line do I deduct the standard mileage rate for my business travel, and do I also need to figure depreciation of the vehicle?
- I have a home office. Can I deduct expenses like mortgage, utilities, etc., but not deduct depreciation so that when I sell this house, the basis won't be affected?
- We have incurred substantial repairs to our residential rental property: new roof, gutters, windows, furnace, and outside paint. What are the IRS rules concerning depreciation?