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StarRidgeAcres
Guest
I realize I shouldn't ask for tax advice on a forum, so I don't intend to rely solely on the feedback I get here. I'm considering hiring an accountant to do my taxes for 2012, which will be a first for me in many, many years.
But here's my question...
The pre-fabricated buildings I'm planning to buy and have installed at our new place will be for the horses' shelters. I will also be purchasing wood and other materials to customize the pre-fab units. There will also be purchases such as screenings (don't know if it's called that everywhere, but it's the stuff that goes down in a stall/barn under the mats, etc.), t-posts, eletric tape, solar boxes, wiring, water lines, etc. Is all of that stuff the type of things I should put on my Star Ridge Acres (I believe it's a schedule F if I'm remembering correctly) form as expenses? Are all those things taken "immediately" or are some depreciated (is that even the right word???) over time?
Again, I believe I'll need a professional this year, but would like a head's-up now as to what I may be facing come tax time.
Thanks!
But here's my question...
The pre-fabricated buildings I'm planning to buy and have installed at our new place will be for the horses' shelters. I will also be purchasing wood and other materials to customize the pre-fab units. There will also be purchases such as screenings (don't know if it's called that everywhere, but it's the stuff that goes down in a stall/barn under the mats, etc.), t-posts, eletric tape, solar boxes, wiring, water lines, etc. Is all of that stuff the type of things I should put on my Star Ridge Acres (I believe it's a schedule F if I'm remembering correctly) form as expenses? Are all those things taken "immediately" or are some depreciated (is that even the right word???) over time?
Again, I believe I'll need a professional this year, but would like a head's-up now as to what I may be facing come tax time.
Thanks!