We own a retail shop and the house next door. We used to live in the house, but now we only use it as an annex for the business. Can we deduct all expenses for the house?
We own a retail shop and the house next door. We used to live in the house, but now we only use it as an annex for the business. Can we deduct all expenses for the house?
Yes and enter it as an asset for depreciation as well.
We own a retail shop and the house next door. We used to live in the house, but now we only use it as an annex for the business. Can we deduct all expenses for the house?
Yes and enter it as an asset for depreciation as well.
Sign In
