topic We built a detached garage this year which is used for our home business. What would be the best way to get deductions for this addition? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-built-a-detached-garage-this-year-which-is-used-for-our-home-business-what-would-be-the-best-way/01/70612#M7407 Sat, 01 Jun 2019 02:20:55 GMT alarue11 2019-06-01T02:20:55Z We built a detached garage this year which is used for our home business. What would be the best way to get deductions for this addition? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-built-a-detached-garage-this-year-which-is-used-for-our-home-business-what-would-be-the-best-way/01/70612#M7407 Sat, 01 Jun 2019 02:20:55 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/we-built-a-detached-garage-this-year-which-is-used-for-our-home-business-what-would-be-the-best-way/01/70612#M7407 alarue11 2019-06-01T02:20:55Z You will enter the detached garage as an Asset for your b... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-will-enter-the-detached-garage-as-an-asset-for-your-b/01/70624#M7408 <P> </P><P> <SPAN>You will enter the detached garage as an <B>Asset</B> for your business so that you can depreciate the cost.</SPAN> </P><P> </P><P> <SPAN>You do this as you are entering the income and expenses for your business.&nbsp; While you are in the business section of the return, there is a separate category for <B>Business Assets</B> where you will enter the details for your detached garage. </SPAN> </P><P> </P> Sat, 01 Jun 2019 02:20:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/you-will-enter-the-detached-garage-as-an-asset-for-your-b/01/70624#M7408 AnnetteB 2019-06-01T02:20:58Z