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taggartb4
New Member

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?

 
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Critter
Level 15

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. 

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Critter
Level 15

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. 

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