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Level 2
April 9, 2025
Question

Stand alone Studio Construction

  • April 9, 2025
  • 1 reply
  • 7 views

We built a free standing Studio for my wife.  What can we deduct and what form do we use?

1 reply

Level 15
April 9, 2025

I assume you mean you built the studio for a business activity. If so, you can deduct the cost of it through depreciation. You will do that by entering it as an asset in the self-employed business section of TurboTax, when you enter your business expenses.

 

 

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