If the new floor that you installed is the same as or similar to what was originally there, this would be a current expense, and you would just claim the whole amount in one year.
If the new floor is substantially nicer than the old flooring you might be able to consider it a capital expense. In that case you would either add it to the CCA class of your building or put it in Class 8 (misc items).
Same for the paint job.
cryslarc
New Member
namor
New Member
rhung_99_c
New Member
ricki-lynn93
New Member
rockfarming
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.