I use part of my home for home office. 8% of cost of A/C is deductible. Where do I enter cost of new A/C?
Thank you!
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This would be entered as an asset just like the house, except this is a capital improvement to be depreciated separately from the house assuming it was just placed in service in 2023, for your home office deduction.
This would be entered as an asset just like the house, except this is a capital improvement to be depreciated separately from the house assuming it was just placed in service in 2023, for your home office deduction.
Thanks very much, Diane!
w.d.
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