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. This approach would
1.
rob you of the depreciation deduction;
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reduce your basis by the ... Log in to view full article.