PatriciaV
Expert Alumni

Investors & landlords

Improvements to a building used for your home office are added as a Home Office Improvement that is depreciated over the same period as the related building (usually 39 years). 

 

  1. Open your return, go to your business, and Start/Update the Home Office Expenses topic.
  2. Edit the home office you need to work on.
  3. Continue through the interview to the Home Office Asset Summary page.
  4. Add an Asset and check the box for "An improvement to your home."
  5. Enter a description, cost, and date the improvement was ready to be used.
  6. If this was an improvement only for the home office, check the "Yes" box under "Have you used this item 100% for this business..."
  7. Confirm the Business Use Percentage.
  8. Continue to the end of this topic.

@Sakana 

@jrogers6167 

 

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