Home office deduction: Asset depreciation

[cawkv]

Hi,

My wife has a home office for her LLC. We replaced our roof in November 2023. I understand this has to be listed as an asset.

My question is about the cost of the replacement. We paid about half of the cost before the replacement in 2023 and will be paying the rest now in 2024. In the "cost of improvement" field, should I list the total cost or just the part I paid in 2023?

Thanks!

[Mike9241 · Accepted solution]

Total cost. 

[cawkv]

Thank you!