topic Where did I input expenses for new building for my business? in Deductions & credits

Where did I input expenses for new building for my business?

j-raymond31 — Tue, 10 Mar 2026 07:16:40 GMT

We own our property and I'm self employed. We're building a new building and have itemized receipts for each step of the process. Where do I input this in turbo tax?

Re: Where did I input expenses for new building for my business?

VolvoGirl — Fri, 23 Dec 2022 01:39:56 GMT

When you are done building it you add it all up and enter it as an Asset and depreciate it over time. The depreciation is the expense each year.

What is Depreciation

https://ttlc.intuit.com/community/business-expenses/help/what-is-depreciation/00/26123

How to depreciate property

Publication 946 (2021), How To Depreciate Property | Internal Revenue Service

Re: Where did I input expenses for new building for my business?

j-raymond31 — Fri, 23 Dec 2022 01:41:59 GMT

We're part way through the process so I was hoping to start with 2022 and input the rest in 2023. Is there a way to do that? If so, where?

Thanks in advance.