Wife is a network marketer, office at home, i am a sales manager which turbo tax should i use i was

[geggsteve]

 She has considerable income along with considerable expenses.  we added 100 sq ft to our home and she has an office storage area strictly for heer business of about 600 sq ft.  I was recommended to use home and business turbo tax is my best option?

not finding the areas for her expenses.  also i understand we should add the cost of the cosntruction to the home value and use a depreciation schedule.  the cost of flooring and finishing her office is that deductible or just part of the depreciation.

[Leonard]

TurboTax Deluxe will allow you to prepare your tax return based upon the information in your question.

Your wife will use Schedule C Profit or Business Loss to report her income and expenses. The home office deduction will be taken using Form 8929.

The expense of adding the 100 sq ft to your house is a capital improvement and will be added to your adjusted cost basis it is not depreciated.

A capital improvement is the addition of a permanent structural change or the restoration of some aspect of a property that will either enhance the property's overall value, increase its useful life or adapt it to new uses.

The cost of the flooring and finishing is not generally considered to be a capital improvement. It is considered as normal repair and maintenance and is not a deductible expense.