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So, when I enter the information on my second home office, even though I have designated that it is a seperate structure, Turbo Tax wants me to depreciate the h...
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Ok, I get that, but can I tell turbo tax to depreciate it over 27.5 years instead of 39? Otherwise I get virtually no deduction for all the money we spent!
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Right, thag will cover utilities and such, but the actual cost of building it still directs me back to business assets
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Plus, if I call it non residential, it get's depreciated over 39 years....for a $58,000 expense. Any way to maximize my deduction for that to less than 39 years...
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Right, but the 3 categories are nonresidential real estate (which this is still residential) qualified improvement property (improvements to the interior of a s...
Activity Feed for 528 designs
- Posted Sch SE-T: Max deferral line 18 is too large on Business & farm. March 29, 2021 2:19 PM
- Posted Re: 2 home offices on Business & farm. March 29, 2021 12:35 PM
- Cheered Re: Business assets for Irene2805. March 29, 2021 8:48 AM
- Posted Re: Business assets on Business & farm. March 29, 2021 8:06 AM
- Posted 2 home offices on Business & farm. March 29, 2021 7:57 AM
- Posted Re: Business assets on Business & farm. March 29, 2021 7:45 AM
- Posted Re: Business assets on Business & farm. March 29, 2021 7:23 AM
- Posted Re: Business assets on Business & farm. March 29, 2021 7:17 AM
- Posted Business assets on Business & farm. March 29, 2021 6:51 AM