Hi there, my wife did self-employment stuff with small home office. Only 81sqFt... But they have me filling out this part: "Tell us about XXX's home expenses - We're looking for XXX's total expenses for the home here, not the home office. [bolding is TT's] There are certain deductions that can save you money for your home and home office. We'll ask about XXXX's home office expenses next.
REPAIRS - I clicked to see what. We had a lot of roof leaks in our first months there and finally had to get a new roof. We also replaced broken screen (example give) and leaks in faucets (not sure if THOSE are the "leaks" meant?) here is the text of the "learn more":
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What are Repair and maintenance expenses?
Repair and maintenance expenses are the ordinary and necessary expenses you pay to manage, conserve or maintain your property.
Repair expenses :
- Keep your property in good operating condition
- Don't materially add to the value of your property
- Don't substantially prolong your property's life
Examples of repair expenses include:
- Fixing leaks
- Fixing heaters, air conditioners, appliances
- Replacing broken windows and screens
If you spent money to enhance your property, restore your property, or adapt your property to a new or different use, then you paid for an improvement, not a repair expense. You deduct the cost of the improvement by depreciating it over a period of time.
