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Yes, you can deduct the roof expense as a home office asset. Deductions for a home office are based on the percentage of the home devoted to business use. There are two types of expenses, direct and indirect.
- Direct expenses are related only to the area of the home used for business and they are deducted in full.
- For indirect expenses, you can only deduct the percentage of the home used for business activities to deduct indirect expenses.
In your case, the roof is an indirect expense and you can only include the percentage of business use. As you enter the information for business use of your home in TurboTax, the program will calculate the percentage of business use and will allocate the expenses.
How small business owners can deduct their home office from their taxes
Can I take the home office deduction?
Where do I enter the home office deduction for my business?
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