https://ttlc.intuit.com/community/taxes/discussion/stand-alone-studio-construction/01/3640235#M1358737 <P>We built a free standing Studio for my wife.&nbsp; What can we deduct and what form do we use?</P> Wed, 09 Apr 2025 16:10:58 GMT William767 2025-04-09T16:10:58Z https://ttlc.intuit.com/community/taxes/discussion/stand-alone-studio-construction/01/3640235#M1358737 <P>We built a free standing Studio for my wife.&nbsp; What can we deduct and what form do we use?</P> Wed, 09 Apr 2025 16:10:58 GMT https://ttlc.intuit.com/community/taxes/discussion/stand-alone-studio-construction/01/3640235#M1358737 William767 2025-04-09T16:10:58Z https://ttlc.intuit.com/community/taxes/discussion/re-stand-alone-studio-construction/01/3640256#M1358738 <P>I assume you mean you built the studio for a business activity. If so, you can deduct the cost of it through depreciation. You will do that by entering it as an asset in the self-employed business section of TurboTax, when you enter your business expenses.</P> <P>&nbsp;</P> <P><IMG style="width:66.36%;" src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/8a51f297-a14d-428f-9a3a-610ce9e8035c.default/image.png" /></P> <P><IMG style="width:60.45%;" src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/ff793ff0-ea46-4468-87e9-e0c7c32a85c9.default/image.png" /></P> <P>&nbsp;</P> Wed, 09 Apr 2025 16:16:48 GMT https://ttlc.intuit.com/community/taxes/discussion/re-stand-alone-studio-construction/01/3640256#M1358738 ThomasM125 2025-04-09T16:16:48Z