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Level 2
posted Jan 28, 2022 12:11:58 PM

Can I deduct a Garage I built to house and maintain my work trucks? If so, do I enter it in Assets?

The garage is a separate structure on my property, not attached to my home.

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1 Best answer
Expert Alumni
Jan 28, 2022 12:27:12 PM

As long as the garage is 100% business use, you can depreciate it over 39 years. If it is not 100% business use, you will have to prorate the expense.

1 Replies
Expert Alumni
Jan 28, 2022 12:27:12 PM

As long as the garage is 100% business use, you can depreciate it over 39 years. If it is not 100% business use, you will have to prorate the expense.