Tax Prep by Deb Posted March 9, 2009 Report Posted March 9, 2009 I have a client who has a business that is he runs out of his home. He does qualify for the office in home deduction. This year he added a cement pad so that he could park his work truck off the street per city's ordinance. For depreciation purpose, what is the classification, and recovery period? Also would this qualify for the 50% bonus depreciation? Any thoughts would be greatly appreciated! Deb! Quote
taxit Posted March 10, 2009 Report Posted March 10, 2009 If its just a pad, 15 yr land improvement and yes it qualifies for bonus depreciation. Quote
Tax Prep by Deb Posted March 10, 2009 Author Report Posted March 10, 2009 If its just a pad, 15 yr land improvement and yes it qualifies for bonus depreciation. Thanks, That's how I imputed it into the asset worksheet and it did show the 50% I just wanted to make sure! Deb! Quote
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