topic Can condo building improvements for new roof and Windows paid through special assessments by me be depreciated since I have an in home office? And deductAssociation dues? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-condo-building-improvements-for-new-roof-and-windows-paid-through-special-assessments-by-me-be/01/135417#M18200 Sat, 01 Jun 2019 06:42:01 GMT mostaccino 2019-06-01T06:42:01Z Can condo building improvements for new roof and Windows paid through special assessments by me be depreciated since I have an in home office? And deductAssociation dues? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-condo-building-improvements-for-new-roof-and-windows-paid-through-special-assessments-by-me-be/01/135417#M18200 Sat, 01 Jun 2019 06:42:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-condo-building-improvements-for-new-roof-and-windows-paid-through-special-assessments-by-me-be/01/135417#M18200 mostaccino 2019-06-01T06:42:01Z Yes, the special assessments and the association dues may... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-the-special-assessments-and-the-association-dues-may/01/135433#M18202 <P> </P><P> <SPAN><B>Yes</B>, the special assessments and the association dues may be used as expenses on your return related to your home office.&nbsp; </SPAN> </P><P> </P><P> <SPAN>However, <B>you are not able to claim the full amount of these</B>.&nbsp; You would only be able to claim the portion that is associated with your home office.&nbsp; This is determined by the square feet of your office space as compared to the square feet of your whole condo.&nbsp; </SPAN> </P><P> </P><P> <SPAN>TurboTax will do this calculation for you if you enter the expenses in the section for the home office that is related to the <B>total expenses for the home, not the home office</B>.&nbsp; Read each screen carefully to be sure you are in the right place.&nbsp; (There is also a separate input screen for expenses related to the home office only.)</SPAN> </P><P> </P><P> <SPAN>One more note, if you use the <B>simplified method</B> to claim your home office expense (based solely on the square feet of the office), you would not enter these expenses at all.&nbsp; </SPAN> </P><P> <BR /></P> Sat, 01 Jun 2019 06:42:03 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-the-special-assessments-and-the-association-dues-may/01/135433#M18202 AnnetteB 2019-06-01T06:42:03Z
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topic Can condo building improvements for new roof and Windows paid through special assessments by me be depreciated since I have an in home office? And deductAssociation dues? in Deductions & credits
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Can condo building improvements for new roof and Windows paid through special assessments by me be depreciated since I have an in home office? And deductAssociation dues?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-condo-building-improvements-for-new-roof-and-windows-paid-through-special-assessments-by-me-be/01/135417#M18200
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Yes, the special assessments and the association dues may...
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<P> </P><P> <SPAN><B>Yes</B>, the special assessments and the association dues may be used as expenses on your return related to your home office.&nbsp; </SPAN> </P><P> </P><P> <SPAN>However, <B>you are not able to claim the full amount of these</B>.&nbsp; You would only be able to claim the portion that is associated with your home office.&nbsp; This is determined by the square feet of your office space as compared to the square feet of your whole condo.&nbsp; </SPAN> </P><P> </P><P> <SPAN>TurboTax will do this calculation for you if you enter the expenses in the section for the home office that is related to the <B>total expenses for the home, not the home office</B>.&nbsp; Read each screen carefully to be sure you are in the right place.&nbsp; (There is also a separate input screen for expenses related to the home office only.)</SPAN> </P><P> </P><P> <SPAN>One more note, if you use the <B>simplified method</B> to claim your home office expense (based solely on the square feet of the office), you would not enter these expenses at all.&nbsp; </SPAN> </P><P> <BR /></P>
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