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Where would I enter construction costs for a shop that I built for my side business?

 
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DianeW777
Expert Alumni

Where would I enter construction costs for a shop that I built for my side business?

 

A shop built for your side business would be a capital asset. Add it as an asset for your business using the cost and a date when it first became available for use. Depending on the type of structure, it could be depreciated over 39 years (capital improvement selection) or less depending on another selection.

 

There is another option taking the deduction described in the link below. This would allow you to expense it in full if you qualify. 

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