My head explodes! Tax question about home, move and business

BirdWatcher2008 · Joined: 01 Feb 2008 Posts: 2

I bought a little house with cash and made repairs on it. I use half
of it for business.

Questions:

1) Can I write the entire house off?

2) Can I just write the part of the house that I use for business?

3) Over how many years or can I write it off all in one year? (House
costs me 15.000, repairs 6000,--)

4) I made repairs to the house. Can I write the repairs off for the
entire house, all the 6000,--?

5) Or can I just write off the repairs to the business part of the
house?

6) Can I write the repairs off in one year or over many years?

7) Or do I have to write the repairs off over 39 years?

Cool

I had to move because this place is better to make business.

9) Can I write just the moving costs of business furnitures off or
also my private stuff that I also moved?

Please help me to get over my headaches. There is so much IRS stuff on
the net and I find always stuff that does not really answer my
questions.

Thanks in advance!

I wish there would be a deduction for writing off headaches that one
gets by doing my taxes!

Archived from group: us>taxes

D. Stussy · Joined: 25 Aug 2007 Posts: 126

wrote in message@e25g2000prg.googlegroups.com...
> I bought a little house with cash and made repairs on it. I use half
> of it for business.
>
> Questions:
>
> 1) Can I write the entire house off?

NO. Only half of it is for business.

> 2) Can I just write the part of the house that I use for business?

Yes. However, there may be limits if you also live there (in the other
part).

> 3) Over how many years or can I write it off all in one year? (House
> costs me 15.000, repairs 6000,--)

31.5 years.

> 4) I made repairs to the house. Can I write the repairs off for the
> entire house, all the 6000,--?

No. See #1.

> 5) Or can I just write off the repairs to the business part of the
> house?

Yes. See #2.

> 6) Can I write the repairs off in one year or over many years?

Depends on the extent of the repair.

> 7) Or do I have to write the repairs off over 39 years?

See #6.

> Cool

I had to move because this place is better to make business.

No question.

> 9) Can I write just the moving costs of business furnitures off or
> also my private stuff that I also moved?

If you qualify. See form 3903.

> Please help me to get over my headaches. There is so much IRS stuff on
> the net and I find always stuff that does not really answer my
> questions.
>
> Thanks in advance!
>
> I wish there would be a deduction for writing off headaches that one
> gets by doing my taxes!

With all these questions, you should get professional help (tax and maybe
otherwise - if you're overwhelmed).

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