Spent last year building a detached workshop on my property exclusively for my new home based business. I got a loan for the base structure which I make monthly payments on and paid out of pocket for all the other building materials (Home Depot and Lowes) which were needed to complete the shop. I'm trying to figure out exactly how and where I should be inputting these costs. I had significant expenditures last year to complete the shop which wasn't done until November and therefore the new business had very, very little income. Any help is greatly appreciated.
