Taxes / heat pumps
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Taxes / heat pumps (by RR78 [VA]) Mar 13, 2018 6:20 PM
       Taxes / heat pumps (by Marv [IL]) Mar 14, 2018 5:23 AM
       Taxes / heat pumps (by Wilma [PA]) Mar 14, 2018 9:09 AM
       Taxes / heat pumps (by Marv [IL]) Mar 15, 2018 5:35 AM
       Taxes / heat pumps (by plenty [MO]) Mar 15, 2018 6:33 AM
       Taxes / heat pumps (by marv [IL]) Mar 16, 2018 6:39 AM
       Taxes / heat pumps (by Marv [IL]) Mar 16, 2018 6:40 AM

Taxes / heat pumps (by RR78 [VA]) Posted on: Mar 13, 2018 6:20 PM
Message:

Was just giving some thought to the fact that we can expense any item under 2500.00.

And how I could use this for HVAC systems.

Had a couple replacements last year and just replaced the outdoor unit to get under the 2500.00. And then may follow up with the indoor this year. These were already 410a systems.

I know we can not get away with buying a system and paying labor separate in the same year.

So what about buying a indoor/outdoor units and keeping one complete system on hand.

Then only install the unit in the next tax year when we expense the labor in a different year.

Any opinions,

Thanks

--73.152.xx.xxx



Taxes / heat pumps (by Marv [IL]) Posted on: Mar 14, 2018 5:23 AM
Message:

An HVAC system is part of the building and does not qualify for the de Minimus 2500 rule. --173.15.xx.xxx



Taxes / heat pumps (by Wilma [PA]) Posted on: Mar 14, 2018 9:09 AM
Message:

Marv - is that true? Can you provide a link that specifies what is considered "part of the building"? --71.175.xxx.xxx



Taxes / heat pumps (by Marv [IL]) Posted on: Mar 15, 2018 5:35 AM
Message:

Anything that you don't pickup and move when you sell a building is an integral part. You don't sell a building and then jerk out the furnace. --173.15.xx.xxx



Taxes / heat pumps (by plenty [MO]) Posted on: Mar 15, 2018 6:33 AM
Message:

Ask your tax preparer and write back here. I would think perhaps it could be if under $2500 --99.203.xx.xxx



Taxes / heat pumps (by marv [IL]) Posted on: Mar 16, 2018 6:39 AM
Message:

See our March 7 discussion "depreciate AC". --173.15.xx.xxx



Taxes / heat pumps (by Marv [IL]) Posted on: Mar 16, 2018 6:40 AM
Message:

March 5th --173.15.xx.xxx



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