I'm a newbie who needs your expert advice. I purchased a standalone 12x16 building in 2019 to run my small business out of, it sits in my yard. I made several improvements - added electrical, paneling shelving etc. I did not officially start working until Jan of 2020. Can I deduct any of these cost this year?
1) cost of the shed , approx $8200 and
2) the improvements I made , approx $1200, to get it ready for business
Thanks
