Should I put Home office construction for sound proofing in Bonus Depreciation?

[boardeq]

I could put Home office construction for sound proofing in Home Office only (not whole house) repairs.

But would it be better to put in Bonus Depreciation expense (in Assets) and take 100% for 2022?

[DaveF1006]

Yes, according to Publication 587, If you bought certain property during 2022 to use in your business, you can do any one of the following:

1. Elect a section 179 deduction for the full cost of the property.
2. Depreciate the cost of the property.
3. Take part of the cost as a section 179 deduction and depreciate the balance.

As far as making a decision on which deduction to take, it depends on your income. For example if taking the full deduction the first year is more than you net income for the year, your home office expenses may be limited, especially if you have a large 179 deduction. if your net income is fairly high, then this deduction may be advantageous to you. 

If your income is fairly low, it may be better to take a regular depreciation deduction for the life of the asset.

[boardeq]

Ok. this sorta makes sense, but I have questions:

What "certain Property" would I put the sound proofing construction under?

This Home Office is in my residential House we purchased in 2022. 

[DaveF1006]

Since this doesn't fit any particular asset category, you can use a seven-year GDS recovery period.

[boardeq]

I'm still not sure if I put this under 179 deduction or Special Depreciation?

[DianeW777]

You can choose.  As seven year property and if it's 100% business use (not less than 51% business use), then you can choose either Section 179 or Special Depreciation.  You also have the choice of depreciating it over seven years without taking either of the previous options.  You must decide if you want to deduct it all now or save some of your deduction to use against future income.

@boardeq

[Edited: 04/17/2023 | 7:51a PST]