We are in the process of building a new business space in our house - can I claim the construction costs in 2024 and how? It's still not done, but we did a lot a work.

316

Expert Alumni

Feb 18, 2025 11:07:59 AM

No, you must aggregate the construction costs and enter them as a lump sum amount as improvements in the home office section in TurboTax in the year they are complete.

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We are in the process of building a new business space in our house - can I claim the construction costs in 2024 and how? It's still not done, but we did a lot a work.