Get the POWER of PRO!
Support Center > Knowledge base> Article: Schedule C Expenses - Repairs and Maintenance

Schedule C Expenses - Repairs and Maintenance

Article ID: 33815 Email Print
Question
Schedule C Expenses - Repairs and Maintenance

Answer

Deduct the cost of incidental repairs and maintenance that do not add to the prop-erty's value or appreciably prolong its life. Do not deduct the value of your own labor. Do not deduct amounts spent to restore or replace property; they must be capitalized.


related articles

Article Details
Views: 622 Created on: Jun 15, 2013
Date updated: Sep 16, 2015

Poor Outstanding