Recapture of depreciation

[Bonnie]

Taxpayer has claimed Office in Home and now has sold the home in 2010. I know he has to recapture the depreciation taken on the home. But not sure where this needs to be claimed. I'm thinking it's not Sale of Business Property, but trying to decide where to claim this.

[solomon]

Taxpayer has claimed Office in Home and now has sold the home in 2010. I know he has to recapture the depreciation taken on the home. But not sure where this needs to be claimed. I'm thinking it's not Sale of Business Property, but trying to decide where to claim this.

The home sale is reported on Schedule D and the unrecaptured 1250 gain reduces the basis of the home. In other words, the unrecaptured 1250 gain does not receive §121 exclusion.

[taxmom34]

i always thought that the office in home depreciation would be used to reduce the basis of the home.