It's TAX Time kids - Quiz question about home studio deductions.
natural
4 March 2010
I just opened up my home studio this past year (2009)
Spent about 10k on remodeling a room to be used as the studio.
When I owned my commercial studio I would take remodeling construction cost depreciation on form 4562
Where do i make this deduction if I'm claiming the studio as a 'home office'?
I think my choices are:
Tax questions
anonymous
17 July 2003
OK, so I've built a studio over a couple years, and now am deciding to go "real business" with it. Before, was all projects, word of mouth referrals, etc. Wanted to have a few years experience before actually "going pro".
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