What can I enter for repairs and maintenance on Schedule F?
Enter the cost of repairs and maintenance of farm buildings, machinery, and equipment that are NOT payments for improvements to the property.
Improvements include amounts paid to better the property, restorations of the property (such as replacements to major components and substantial structural parts), or adapting the property to a new or different use.
Don't include the cost of repairs or maintenance on your home. However, you may be able to depreciate certain amounts paid for repair and maintenance to the extent you treat those amounts as capital expenditures on your books and records regularly used in figuring your income and expenses. For more information see the Farmer's Tax Guide .
Improvements include amounts paid to better the property, restorations of the property (such as replacements to major components and substantial structural parts), or adapting the property to a new or different use.
Don't include the cost of repairs or maintenance on your home. However, you may be able to depreciate certain amounts paid for repair and maintenance to the extent you treat those amounts as capital expenditures on your books and records regularly used in figuring your income and expenses. For more information see the Farmer's Tax Guide .
