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Steel Build Purchase 100% for home Business, How do I Depreciate?
I Purchased and built a steel building on my property 100% for my home business? I file schedule a C.. How do I depreciate the cost of the building? I can't find any details on how to depreciate this purchase, as it seemingly doesn't fall under any of the categories for large purchases that I can find as explained in TT. (What Asset Category). It is nonresidential real estate, even thought it is built in my residential back yard?
Thank you!
March 14, 2022
9:11 AM