We are building a barn on a piece of land, no house yet. office space will be included in the structure. can i deduct a portion of the cost to building the barn?
where in the program to I put this cost? business asset? home office? ??
02245
2 Replies
SweetieJean
Level 15
Jun 1, 2019 8:53:13 AM
Are you self-employed?
Anita01
New Member
Jun 1, 2019 8:53:15 AM
No, oyu cannot deduct it. It would be capitalized as an asset once the business is open and running. Costs that would normally be capitalized as assets cannot be start-up costs