Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 17, 2025 12:31:01 PM

Write off cost of business building 2024? Where in turbotax?

0 1 749
1 Replies
Expert Alumni
Apr 17, 2025 12:55:13 PM

You can depreciate the building in the Assets section of your business's Schedule C.   Open or continue your return.

 

  1. Navigate to the Schedule C section:
    • TurboTax Online/Mobile: Go to Schedule C.
    • TurboTax Desktop: Search for schedule c and select the Jump to link

Then click on Edit (or use the pencil icon) next to your business description.   Then, depending on your platform:

 

  • In Desktop - scroll down to Business Assets to add building depreciation
  • TurboTax Online - Click on Add Expenses, then scroll down below Less Common and put a check next to Assets, then click Continue.