geed
Level 2

Get your taxes done using TurboTax

Please let me know if this looks good.

 

Also just to double check

I have added finished basement in 2 sections:

1) Business Assets/Assets being depreciated: Here I have one-time deduction for the cost (1/6 of the total cost).

I selected "I'll deduct the full value of the item this year"

2) Business Expenses/Home Office Expense

In Home Office Asset Summary I added finished basement as an asset for depreciation to kick in in addition my home. I have 2 assets listed here now. 1) My home 2) Finished basement. And I see a calculated depreciation value for both. 

* Even though I indicated I want full value of the item this year in Business Assets section, does it make sense for TT to show a depreciation value (and thereby a deduction)?