Can I include my shed in my space percent if I store dc toys in it?
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Can I Include My Shed In Space Percentage?
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This is a great question for Tom Copeland to answer but from what I can recollect, you can't claim that space in your time/space %. I believe that the structure must be a part of your home (and possibly attached?). For example your garage can be included in this %. Not sure what you can do if a garage was detached though. Never really thought about this.
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Originally posted by MV View PostThis is a great question for Tom Copeland to answer but from what I can recollect, you can't claim that space in your time/space %. I believe that the structure must be a part of your home (and possibly attached?). For example your garage can be included in this %. Not sure what you can do if a garage was detached though. Never really thought about this.
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Shed
Originally posted by melilley View PostCan I include my shed in my space percent if I store dc toys in it?
If you did count the shed you would have to pay taxes on the profit associated with selling your shed when your home was sold. It's too much of a pain in the neck to do this.
So, don't count the space. You can deduct the business portion of the cost of the shed.
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