Deductions & credits


@Kymbirle19 wrote:

So if my expenses for the playroom are incurred in 2024 and 2025, and we begin using the playroom in 2025, I can still use the 2024 receipts when I figure out the total cost for depreciation? 


Yes. If the playroom is not in use until 2025, you would add the improvement on your 2025 return, using the total cost.