You can't deduct the new $6k shed you bought last year to replace the old shitty one with a hole in the roof bc its technically an improvement, has to be capitalized and depreciated over its useful lifespan.
But is that outbuilding a 5-year? A 7-year? A 15-year? A 30-year? How much can you depreciate each year?
Which answers you choose determine which 10th form you need to add to the list 🤯🔫
Nate
npub1duk…uv5t
2024-04-08 00:07:33
in reply to nevent1q…7h9t
Author Public Key
npub1dukh7q9f2hv6anwyevuw7ru797n43hcpp960zed7f5t8pw6mk4msx7uv5tPublished at
2024-04-08 00:07:33Event JSON
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"content": "You can't deduct the new $6k shed you bought last year to replace the old shitty one with a hole in the roof bc its technically an improvement, has to be capitalized and depreciated over its useful lifespan.\n\nBut is that outbuilding a 5-year? A 7-year? A 15-year? A 30-year? How much can you depreciate each year?\n\nWhich answers you choose determine which 10th form you need to add to the list 🤯🔫",
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