topic Bought a commercial building December of 2017, made three payments on it. Where do I put this in my taxes? Should I be putting this in my taxes? in Get your taxes done using TurboTax

Bought a commercial building December of 2017, made three payments on it. Where do I put this in my taxes? Should I be putting this in my taxes?

bellaire12 — Tue, 04 Jun 2019 19:26:58 GMT

You would depreciate the building. It is non-residential...

Coleen3 — Tue, 04 Jun 2019 19:26:59 GMT

You would depreciate the building. It is non-residential real property and is depreciated over 39 years. If you are renting the building out, include it on Schedule E, Supplemental Income and Loss. If you use it in your business, include it on Schedule C.