I opened a home equity line to do a home office renovation. The renovation began in 2023 and will be complete in 2024. It will be a space where I meet clients, work and have displays. Samples and inventory are in the old home office. It costed around 95K by completion. Which year should I file the expense in? 2023 or 2024 or both. Also I paid down the equity line with my business income in 2023. Is this deductible? Any insight is appreciated.
