LeonardS
Expert Alumni

Deductions & credits

The finished wiring and building out the rest of the structure you made can not be deducted as an expense?

The cost of the materials you purchased to finish out the rest of the building will be added to your basis.  You can not include any value for the time you spent finishing the building. 

Yes, those are the steps to follow to add your office/shed as an asset.@plummerdrummer20

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"