How to Expense New Windows in Home Office in 2022?

Forum|Forum|3 years ago
March 21, 2023
1 reply
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I replaced rotted windows in the dedicated home office room this year and am uncertain whether and how to get credit for this repair/improvement. I've used the home office "asset list" in the past for such things to depreciate or take as expense, but this year the program seems to be set up differently - only supporting commercial building assets? The window value is less than 2% of the home value. Any guidance would be helpful.

Thanks!

TurboTax Home & Biz Windows

BrittanyS

Replacing the windows in your home would be considered an indirect expense for the home office. The IRS has two categories for home office expenses:

Direct Expenses - Expenses that only benefit the business
Indirect Expenses - Expenses that benefit the business and your home,

To claim an indirect expense, you must calculate the value related to just the business. For example, if your home office use is 15% of your home, you can claim 15% of the window repairs for the home office.

To enter this into TurboTax Online, follow these steps:

Click Wages & Income
Click edit next to Self-Employment income and expenses
Click Edit next to the business name
Click Edit next to the home office or start if you have not started yet
proceed through the interview questions for the home office
Click No; I want to take actual expenses
Choose the Guide Me option and click continue
Enter actual expenses
Click No. All of my expenses apply to the entire home
Enter windows under the "Enter repair expenses."

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CTWaltersAuthor

Thanks. Is this the case even if the windows are only on the room that is the dedicated home office?

JohnB5677

Yes, you can deduct windows that are exclusively used in the home office as a direct expense. Windows added to other areas of the house would not be included in the home office.

"Deductible expenses for business use of your home include the business portion of real estate taxes, mortgage interest, rent, casualty losses, utilities, insurance, depreciation, maintenance, and repairs."