"what's new" document

[Christopher Browne]

> Well, as I said in another email, depreciation is a personal item too
> -- for example if you own a house and rent out part of it...  However
> I think this is somewhat considered "running a business" for tax
> purposes, so perhaps it still belongs in the business portion.

If it involves "sales" and "maintenance" and such, then it is most
certainly a "business" activity.

Individuals doing 'personal' stuff don't declare depreciation; that's as
silly as accruing personal bills as accounts payable and running them
through an A/P system.  You only do "depreciation" when there are
activities involved that are on the "business" side of the fence.
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