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Discussion Forum Index --> Tax Questions --> Landscaper stores equipment in backyard
Lois (talk|edits) said:
| 29 June 2006
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| Interesting question today - Landscaper uses his backyard to store all the equipment. Can he write off any of his backyard? We were talking about office in the home and storage of inventory. Any ideas?
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JimS ME (talk|edits) said:
| 29 June 2006
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| If all he's using is the land, then there's no deduciton as land is not depreciable. However, if he had to make any improvements to level the land, add drainage, paving, etc. then those costs can be depreciated.
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JRE (talk|edits) said:
| 29 June 2006
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| What about charging for Rent expense? Is the Landscaper on Sch C or ..?
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JR1 (talk|edits) said:
| 29 June 2006
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| Moot issue. If an S corp, can't do that. If LLC's, disregarded...
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JRE (talk|edits) said:
| 29 June 2006
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| C-corp? Why would a LLC be disregared. A member of a LLC may transact business with the LLC as a third party.
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JRE (talk|edits) said:
| 29 June 2006
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| If it is a SMLLC, drop the assets into an LLC and give a minority non-voting interest to his decedants and use it as a gifting vessel.
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