Where do I deduct constructions costs of a completely separate building exclusively used for my home business?

[paulwanderski]

Started a home business in 2022.  Built a separate building on my land and paid cash (no loan).  Would like to know what constructions costs can I deduct and where on Schedule C do I put the cost of the structure?

[Carl]

Your construction costs are not deductible "per-se".  Instead, the cost of the structure gets entered as an asset in the Business Assets section and the cost is depreciated over 39 years.

[paulwanderski]

Yes you did.  Thank you! 🙂