The Home Depot Carrying Case Workbench
The Home Depot Carrying Case Workbench Feature
- Not for children under 3 years
- Build a model or perform imaginary fix-it jobs with the Carrying Case Workbench from The Home Depot
- Workbench includes legs and tool hangers, so little handymen can keep their tools organized
- Constructed from orange plastic with The Home Depot graphics
- Battery-operated drill lights up and functions in forward and reverse
- Includes case, legs, hangers, tools, bolts, and racecar kit; 88 pieces in all
The Home Depot Carrying Case Workbench Overview
For ages 3 and up: The Home Depot Carrying Case Workbench lets your little guy take his fix-it skills on the road. The carrying case opens to reveal a complete set of play tools, including a jacksaw, battery-operated drill, screwdrivers, working vise, measuring calipers, and much more. There are 88 pieces in all! The The Home Depot - Carrying Case Workbench features: Build a model or perform imaginary fix-it jobs with the Carrying Case Workbench from The Home Depot Workbench includes legs and tool hangers, so little handymen can keep their tools organized Constructed from orange plastic with The Home Depot graphics Battery-operated drill lights up and functions in forward and reverse Includes case, legs, hangers, tools, bolts, and racecar kit; 88 pieces in all The set is designed with detachable legs that fit within the case, so the tiny tinkerer can set up a workbench anywhere to build the included racecar kit or perform imaginary repairs around the house. Each tool is labeled, so it's easy to find the right one for the job. Assembled dimensions: 18"L x 17"D x 27"H. Weight: 8 lbs. Read moreRelateItems
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Feb 17, 2012 17:04:11
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People who own residential rental properties are afforded numerous tax benefits. You are allowed to offset your rental income with rental expenses. If you own rental property it is critical that you understand the tax advantages afforded to you that will enable you to protect your income and lower your tax burden.
Here are a few of the deductions the IRS grants you on your tax return if you own rental property:
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Mortgage Interest - You can deduct the mortgage interest you pay on your rental property's mortgage payment.
Depreciation - You can depreciate your rental property by deducting some of the cost on your tax return each year. For residential property, the IRS states that you must depreciate the property over 27.5 years. You must EXCLUDE the value of the land from the value of your home prior to calculating depreciation.
Repairs - You can deduct the cost of repairs. Examples of repairs include repainting your property, fixing gutters or floors, fixing leaks, plastering, and replacing broken windows.
Travel Expenses - If you own a rental property the IRS allows a tax deduction when you drive anywhere for your rental activity. For example, when you drive to your rental property to deal with a tenant complaint or go to Home Depot to purchase an item for a repair, you can deduct your travel expenses.
Generally, if you use your personal vehicle for rental activities you can deduct the expenses using one of two methods; actual expenses or the standard mileage rate. For 2006, the standard mileage rate is 44.5 cents a mile for all business miles.
Home office - You may deduct expenses related to your personal residence as home office deductions. These include utilities, insurance, depreciation, and repairs allocated to the business use of your home.
Employees and Independent Contractors - Whenever you hire anyone to perform services for your rental activity, you can deduct their wages or services as a rental business expense. This is the case whether the worker is an employee (for example, a resident manager) or an independent contractor (for example, a repair person).
Insurance - You can deduct the premiums you pay for almost any insurance for your rental activity. This includes fire, theft, and flood insurance for the rental property, as well as landlord liability insurance. If you pay the insurance premium for more than one year in advance, each year you can deduct the part of the premium that will apply to that year. You cannot deduct the total premium in the year you pay it.
Legal and professional services - You can deduct fees that you pay to attorneys, accountants, property management companies, real estate investment advisors, and other professionals. You can deduct these fees as operating expenses as long as the fees are paid for work related to your rental activity.
Rental Property Tax Benefits
About this Author
For a more in depth overview of the tax advantages of rental properties, visit http://www.real-estate-owner.com/rental-property.html
In any case, be sure to discuss all your tax issues with your CPA.
Chris is a software engineer who maintains http://www.real-estate-owner.com which provides free real estate tax related information.
Article Source: http://EzineArticles.com/?expert=Chris_Castillo
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