Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-04-2010, 10:47 PM
Junior Member
 
Join Date: Sep 2010
Posts: 1
tax return business deductions

Hello,
I did register a business at the end of the year. The business is a nursery - I purchase plants from wholesellers and resell them. The 'nursery' is located in my backyard.
We always did our tax return by ourselves. We did at one time go to a tax prep. specialist with the already prepared tax return for it to just be checked, and he didn't find any bugs, and said that it was done very professionally.
The question I have is: When we prepared our 2009 year tax return we used home business deductions...phone, computer usage, etc. But the majority of my work is outside...I use my shed to overwinter potted plants and store shipping boxes and tools during the warmer months. I also use 1/3 of the my property (land) for a greenhouse and to grow plants. Where (if available) in a tax return do I take deduction for all these expenses?
Thank you



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What would be deductible business expenses for my new retail business? frankietan Sole-Proprietorship 0 05-05-2008 07:30 PM
What deductions I can claim if I elect to Itemize on my tax return? beedab Itemized Deductions 1 03-12-2008 05:48 PM
Entire CPA fee deductible business expense for amended return? ripples Sole-Proprietorship 4 02-24-2008 10:44 PM
How can I take advantage of business losses in my unincorporated business? larry Sole-Proprietorship 1 01-24-2008 06:15 PM
Employee Business Expenses deductions Adam Miscellaneous 1 02-07-2007 10:28 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.