Denver, CO asked in Business Law for Colorado

Q: I own a small handyman business and am remodeling a portion of my own home. Can I expense the materials to my business?

I file my taxes (personal & business) under my SSN and do not have an EIN.

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1 Lawyer Answer
D. Mathew Blackburn
D. Mathew Blackburn
Answered
  • Englewood, CO
  • Licensed in Colorado

A: You can deduct an allocable percentage of repairs and maintenance to an area of your home that is used exclusively for the business. Improvements are not deductible. A remodel would not be deductible.

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