ILLMAS Posted April 9, 2013 Report Share Posted April 9, 2013 TP uses a room (10%), in 2012 they put in windows for the whole house, the cost was significant, since they use a room solely for the home office I am uncertain how to allocate it, to capitalize the windows and apply 10% or find out what was the cost of the window that went into that room? thanks Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted April 9, 2013 Report Share Posted April 9, 2013 Are you doing a 8829 or the worksheet to 2106? I would put the total cost under repairs and then let the form allocate the cost to business use. Quote Link to comment Share on other sites More sharing options...
ILLMAS Posted April 9, 2013 Author Report Share Posted April 9, 2013 Form 8829, I am just concerned the TP will get 10% deduction out of 10k, vs 10% out of $300 for a single window. Quote Link to comment Share on other sites More sharing options...
Guest Taxed Posted April 9, 2013 Report Share Posted April 9, 2013 Well if you are concerned about that, then use the cost of the single window repair in the office as a direct expense instead of indirect expense. So that is $300 vs. $1000! Quote Link to comment Share on other sites More sharing options...
joanmcq Posted April 10, 2013 Report Share Posted April 10, 2013 When I put in new windows in the whole house, I put the ones for my offices at 100%. Sheesh, my main office has 7 windows and my client office has 4. But it is bright and now less breezy. Quote Link to comment Share on other sites More sharing options...
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