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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.
‎October 14, 2024
1:01 PM