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June 4, 2019
Question

I have a home office that is 20 percent of the home. I installed new composite foam backed siding to the whole home for $36000. How do I deduct it.

  • June 4, 2019
  • 1 reply
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1 reply

Employee
June 4, 2019

You'd depreciate, not deduct.  $27000 is added to cost basis of house $9000 is depreciable asset with same life as home office.  Sorry, can't multiply.  $7,200 is the depreciable asset with the remainder added to house cost basis.