You'll need to sign in or create an account to connect with an expert.
Once the structure is complete you can deduct it as a home office expense. You cannot deduct the expenses of building the structure.
To enter the information on a home office please follow these steps:
once complete and put into use you can depreciate the cost of the office space. the cost can not include what you consider the value of your labor if you're doing part or all of the construction yourself. since this is business property the depreciable life is 39 years not the 27.5 for residential real estate.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
chunhuach
Level 1
kirillbylkov
New Member
arangocare-gmail
New Member
laridarryn
New Member
Aquarius5
Level 3