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roh165
New Member

I have a home office that is 20 percent of the home. I installed new composite foam backed siding to the whole home for $36000. How do I deduct it.

 
1 Reply
Zbucklyo
Level 9

I have a home office that is 20 percent of the home. I installed new composite foam backed siding to the whole home for $36000. How do I deduct it.

You'd depreciate, not deduct.  $27000 is added to cost basis of house $9000 is depreciable asset with same life as home office.  Sorry, can't multiply.  $7,200 is the depreciable asset with the remainder added to house cost basis.

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