3) A provider adds on a deck to the back of her house in April 2010. Can she use the additional 50% depreciation rule for her 2010 taxes?
Answer: No!
The additional 50% depreciation rule does not apply to home improvements such as a deck, remodeling, new furnace, new roof, etc. It also does not apply to the purchase of a new home. The rule does apply to:
* Office equipment - computer, printer, copier, fax, desk, etc.
* Personal property - household furniture, appliances, playground equipment, televisions, etc.
* Land improvements - fence, driveway, patio, underground sprinkler system, etc.