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neenahfortunato1
February 3, 2023
Question

What do i add to the asset summary?

  • February 3, 2023
  • 1 reply
  • 0 views
first time adding a home office so what do i add to the asset summary

1 reply

T
ThomasM125
February 3, 2023

You need to add your house so you can get a deduction for depreciation on it. The portion of the house that is used for the home office will be depreciated based on the size of the office in relation to the size of the house. The Asset Summary will list your house, but you enter it in the section where you enter your home office expenses.

 

You enter other assets, such as funiture and fixtures,  in the Business Assets section. 

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