Thursday, March 3, 2011
Your questions about replacement property
Robert asks…Is a replacement of a fence tax deductible on a rental property?I recently rented out my old house, and replaced a wire fence with a 6ft board fence. My question, is the fence a tax deduction?admin answers:It's capitalized and depreciated. It's not a repair as t replaced an old wire fence.Charles asks…Accidental damage at work - Do I have to pay for replacement / repair?If an employee accidentally damages company property, In my case a rather expensive vanity unit, Is the cost for a replacement down to the employee or
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