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We are self-employed and have an office in our home. We built a new garage and office attached by the deck. We paid the first half of the construction in 2013 and the second half in 2014. How do I claim this on taxes? Should I change the square footage of the home and office measurements, or just claim a new office being built and depreciate it? Also, how do I figure the value of the building for tax purposes?

August 5th, 2024

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