Search Help


Enter one of more keywords to search. Use quotes for “exact phrase.” Note that '*' and '?' wildcards are supported.

When your search results appear, you can refine your search further: Sort for only results in which all search terms appear AND/OR sort by chronological order.

Article Date:
December 2006


Word Count:
213

 

 

Depreciation of Home Office


I am thinking about claiming the home-office deduction, but I don’t like the 25% depreciation recapture tax. Can I just claim all the home-office expenses and ignore depreciation? (S.C., Bethesda, MD)

 

Sure, but that would earn you a tax-stupidity award. When you ignore depreciation, the law treats you as if you claimed it, but the law does not give it to you.1 This approach would

 

1.

rob you of the depreciation deduction;

2.

reduce your basis by the ... Log in to view full article.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee



 

SS