We bought two sheds for our business and laid concrete for the foundations and a driveway to them. The questions aren't helpful. First I'm asked if this is a building improvement, which I said "no" to and then it asks me to categorize them: 1. Computer, video, photo, and television equipment, 2. Tools, Machinery, equipment, and furniture 3. Real estate property and 4. Intangibles, other property. None of these categories seem to fit. We conduct business on our residential property. Also, one shed is less than $2500 and the other is over. My friend, who is a tax accountant, says we can expense one of the sheds and then depreciate the other shed and the concrete. She said they would be either 15 or 20 years depending if we're using a regular depreciation method or accelerated. Turbotax didn't lead me to these types of deprecations, so I don't know how to proceed in claiming them. The depreciation period that it did do was insanely long, so I just deleted everything. How do I claim them?
