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New Member
posted Jun 3, 2019 1:49:52 PM

Is there anything you can write off on a 25x40 building built for personal use last year?

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1 Replies
Intuit Alumni
Jun 3, 2019 1:49:54 PM

If it is business use you can depreciate it. If you are not renting to a tenant, it is nonresidential real, depreciated over 39 years. If it is attached to rental property, include it on Schedule E. If it is for your business, enter it on Schedule C.