Depreciation & Recapture |
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- 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?
- What kinds of property can be depreciated for tax purposes?
- What form and line do I deduct the standard mileage rate for my business travel and do I need to figure depreciation of the vehicle, too?
- 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 rental property: new roof, gutters, windows, furnace, and outside paint. What are the IRS rules concerning depreciation?
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Category: Sale or Trade of Business, Depreciation, Rentals
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Page Last Reviewed or Updated: December 09, 2008