If you decide to record the asset as its own business asset, you would not take the home office deduction going forward.
Instead, all expenses that are incurred within that office location would be deductible for the business.
To add the asset as part of the business, you will need to add it in TurboTax. Please see this link for steps to enter the asset within TurboTax. TurboTax will select the appropriate depreciation method based upon the type of asset entered into the program. Just follow the prompts and carefully answer each question to ensure the asset is classified correctly.
@JC 2
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
