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Get your taxes done using TurboTax
You will enter as a depreciable asset. It is a betterment to the building structure and is treated as an improvement to the building. You must capitalize the amount paid. Just to clarify, are you entering for a rental property or home office?
If it is for your personal residence, you would not deduct but add to the basis of the home.
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‎February 9, 2022
1:28 PM