Self employed

Here's what you do:

In TT Home and Business, click on the business tab

then hit Business income

then hit Business Assets

then Do you want to go to directly to your asset summary, hit Yes

then hit Add an Asset

then on the next screen Describe This Asset , click Real Estate Property then fill in the date you bought this asset, namely;

the date you started the leasehold improvements.

then on the next screen, you will describe what kind of lhi this is.

then on the next screen, you'll describe the asset in more detail including the amount you paid for it and the date you purchased it.

then the next screen will allow you to enter some more details about the lhi

then finally on the last screen, it will give you the option of spreading the expenses over the life of the lhi which is typically 15 years or you may wish to the take the whole amount in the year you incurred this leasehold improvement as a 179 deduction.

For more information on this topic. See HERE     pg. 12-15