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December 19, 2024
Question

Are work shed expenses deductible?

  • December 19, 2024
  • 0 replies
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I had a work shed built solely to repair saxophones, I paid a contractor for the shed and the labor to build it. Also, I paid another contractor to run electricity from my home to the shed, and also paid for it to be insulated.

Is all this cost deductible? Must it be depreciated? I also bought a rug and 3 chairs for the shed.