| Since you use your portion of the Studio in your principal residence exclusively for business purposes, you would definitely qualify to depreciate the cost to remodel the studio as an "additional improvement" and these expenses would be taken on Form 4562.
When you depreciate the improvements over the applicable MACRS period, (generally S/L Mid Month Convention over 39 Years) the resulting depreciation should flow through to Form 4562 Part III-MACRS Depreciation on line 17.
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Hybrid Mode
