Question

Wood Flooring Home Office Depreciation

Forum|Forum|7 years ago
June 4, 2019
1 reply
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I put wood flooring in my home office ONLY. The cost of the flooring was 1700.00. I am doing the labor myself. When I went to add the flooring as a business home office asset, it figured depreciation at 13.00! I am curious why it would be this low? Shouldn't it depreciate the entire 1700.00? At 13.00 a year, it is only depreciating 390.00.

HELP.

Vicki

TurboTax Business Windows

C

Coleen3

Employee

Some home office expenses are indirectly related, meaning they apply to the entire house and must be prorated. Usually electricity is one of these expenses. If you have proof that the expense is separated and applies strictly to the business, you can take the entire amount as a direct expense.

You may be limited because you can't create a loss with a home office expense.