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528 designs
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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...
    528 designs
    1
    Updated Mar 30, 2021
  • 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!
    528 designs
    1
    Updated Mar 29, 2021
  • Right, thag will cover utilities and such, but the actual cost of building it still directs me back to business assets
    528 designs
    3
    Updated Mar 29, 2021
  • 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...
    528 designs
    Updated Mar 29, 2021
  • Right, but the 3 categories are nonresidential real estate (which this is still residential) qualified improvement property (improvements to the interior of a s...
    528 designs
    5
    Updated Mar 29, 2021
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