- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@Joe3154 wrote:Am I right in thinking that I cannot claim any of this expense for 2022 taxes but should claim it all on next year's (2023) taxes?
Yes. If you placed the shop building into service in the 2023 tax year, then depreciation will start in the 2023 tax year (in the month you placed the building into service).
‎September 30, 2023
7:47 AM
1,302 Views