gatorlisa04
Returning Member

Deductions & credits

Thank you for your reply.  

I am finishing up my 2023 taxes because I filed for an extension.  I had it installed in 2023.  

Do I enter it under the section called Depreciating Your Home?  I do a schedule C and just finished entering my home office expenses and business expenses.  Is it worth depreciating since the cost was over $20,000?

Does this mean I have to enter it every year from now until I sell my house?  I have no plans of selling my house in the near future.