S.E and write off a home office, which is where I do most of my work. I spent over 17K to have my home windows replaced. I looked at IRS Tangible property regulations on repair vs improvement. It is lengthy and I do not understand. Do I put them in on my Bus Assets under intangible? TT says to put capital improvements in that section but it is not made clear where. I also spent another 11K on gutters, new fascia, etc but that is on a loan of which I am paying monthly. Can I report what I have paid this year as an asset also or do I handle that in a different way, like an expense. Thank you. It makes a huge difference in my tax bill and I do not want to mess it up.
