https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-started-a-woodworking-business-last-year-behind-my-house-for-which-i-brought-a-shed-can-i-get-a/01/600659#M78540 Thu, 06 Jun 2019 05:34:27 GMT howardjrh1 2019-06-06T05:34:27Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-started-a-woodworking-business-last-year-behind-my-house-for-which-i-brought-a-shed-can-i-get-a/01/600659#M78540 Thu, 06 Jun 2019 05:34:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-started-a-woodworking-business-last-year-behind-my-house-for-which-i-brought-a-shed-can-i-get-a/01/600659#M78540 howardjrh1 2019-06-06T05:34:27Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-per-irs-topic-508-business-use-of-home-a-separate/01/600665#M78541 <P><SPAN>Yes, per <A href="https://www.irs.gov/taxtopics/tc509.html" rel="nofollow" target="_blank">IRS Topic 508</A> - <B>Business Use of Home</B> "A separate structure that's not attached to your home used exclusively and regularly in connection with your trade or business" qualifies as one of criteria </SPAN>to deduct expenses for business use of the home.</P><P>You would record the shed as an asset in TurboTax so it could be depreciated and you could also deduct expenses related to the shed (such as heat, electric taxes, etc.), and expenses related to your woodworking business.</P><P> </P><P> <SPAN>Click <A href="https://ttlc.intuit.com/questions/2586378-my-home-office-is-my-workshop-shed-can-i-right-it-off-and-where-do-i-put-it-in-turbo-tax" target="_blank">here</A> for information.</SPAN> </P> Thu, 06 Jun 2019 05:34:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-per-irs-topic-508-business-use-of-home-a-separate/01/600665#M78541 RichardK 2019-06-06T05:34:28Z