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February 12, 2024
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Whole house air conditioner

  • February 12, 2024
  • 1 reply
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I use part of my home for home office.  8% of cost of A/C is deductible.  Where do I enter cost of new A/C?

Thank you!

Best answer by DianeW777

This would be entered as an asset just like the house, except this is a capital improvement to be depreciated separately from the house assuming it was just placed in service in 2023, for your home office deduction.

1 reply

DianeW777Answer
February 12, 2024

This would be entered as an asset just like the house, except this is a capital improvement to be depreciated separately from the house assuming it was just placed in service in 2023, for your home office deduction.

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deutschw1Author
February 13, 2024

Thanks very much, Diane!

 

w.d.