Is purchasing an unattached building for home business a business expense?

Is purchasing an unattached building for home business a business expense?

glass.creator asked:


I will be purchasing an unattached workshop strictly for my business and don’t know if it’s deductable as a business expense. If so what type? I know home improvements can be deductable if business related but don’t know if a whole structure is.

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This entry was posted on Saturday, September 13th, 2008 at 4:17 am and is filed under Home Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Is purchasing an unattached building for home business a business expense?”

1. Alton G Says:
   September 16th, 2008 at 8:35 am

   Yes, it will be a business expense. This structure would be considered Real Property and would be depreciated. Be sure to talk to a tax expert before you buy. Recordkeeping is critical. There are expenses to add into the purchase price to establish the Basis of the structure’s cost.