Discussion:Scorp depr for home business building
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| Revision as of 23:16, 5 November 2009 Kevinh5 (Talk | contribs) ← Previous diff |
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| just wait until he sells, though. Not a pretty picture. Tell him to die instead. He will fare much better.}} | just wait until he sells, though. Not a pretty picture. Tell him to die instead. He will fare much better.}} | ||
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| + | {{ForumReplyPost|UserID=Kevinh5|Date=5 November 2009|Text=oh, and never close the S corp. That would be worse than selling. Dying is his best option.}} | ||
Revision as of 23:17, 5 November 2009
Discussion Forum Index --> Basic Tax Questions --> Scorp depr for home business building
Discussion Forum Index --> Tax Questions --> Scorp depr for home business building
| 5 November 2009 | |
| My new S corp client built a separate structure on his home property for his electrical business, (garage for employee vehicles, storage, offices, etc.) Can I depreciate this structure on the 1120S since it's a separate structure, even though it's built on his home property? | |
Death&Taxes (talk|edits) said: | 5 November 2009 |
| Yes, assuming the Corporation paid for it. | |
| 5 November 2009 | |
| 39 years.
just wait until he sells, though. Not a pretty picture. Tell him to die instead. He will fare much better. | |
| 5 November 2009 | |
| oh, and never close the S corp. That would be worse than selling. Dying is his best option. | |
