Entering a building repair as a business asset to depreciate

Forum|Forum|1 year ago
April 4, 2025
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I have a building repair, $9k, for my home office that I want to add as an asset to depreciate over time. I do not see this as an option in the assets section of Turbo Tax. In the home office section it says to enter big repairs in the assets section so you can depreciate them. But in the asset section there is not option for this kind of asset.

Where do we enter this

TurboTax Home & Biz Windows

Best answer by PatriciaV

This is used as a home office only for a business.

We were not able to find where you can enter this in the program. Under assets there is know option for a building repair. There is landscaping improvements, there are technology options like computers or copy machines, there is options for something else, but not for repairs or upgrades.

We saw repairs upgrades in expenses, that you are showing, but those do not seem to be depreciable.

Improvements to a building used for your home office are added as a Home Office Improvement that is depreciated over the same period as the related building (usually 39 years).

Open your return, go to your business, and Start/Update the Home Office Expenses topic.
Edit the home office you need to work on.
Continue through the interview to the Home Office Asset Summary page.
Add an Asset and check the box for "An improvement to your home."
Enter a description, cost, and date the improvement was ready to be used.
If this was an improvement only for the home office, check the "Yes" box under "Have you used this item 100% for this business..."
Confirm the Business Use Percentage.
Continue to the end of this topic.

@Sakana

@jrogers6167

SabrinaD2

To enter a building repair as a business asset for depreciation in TurboTax, follow these steps:

Sign in to TurboTax
To enter your rental improvements, simply follow the directions to enter your rental income and expenses.
At some point you'll come across the Here's [your property's] rental property info screen. Under Expenses / Assets (Depreciation), select Add expense or asset and follow the onscreen instructions. We'll figure out which depreciation method works best in your favor.

SakanaAuthor

This is not a rental property. This is a home office, it just happens to be a separate building on our property.

Vanessa A

What type of repair was it? Is the home office for a business or for a job as an employee? If it is for a job as an employee or personal use, it is not deductible.

If this is a qualified home office for a business, then you would enter it in the business section as an asset. To get there, go to your business profile and select edit. Then select Business Assets.

Since this is a home office in a separate building you will say you made improvements to a building you used for this business.

Where do I enter my self-employment business expenses, like home office, vehicle mileage, and supplies?