Sale of OIH

[oceanlovin'ea]

Taxpayer sold home that they lived in for 2 years. She had a home office in that home. But the depreciation deduction has been carried forward for each year because net profit was not high enough to take the deduction.

How do I do the sale of the home? Do I have to the sale of home worksheet and claim the depreciation that was figured but not used as gain?

I know the allowed or allowable rule. Just wasn't sure about this situation.

Linda F

[Gretel]

Linda, the depreciation not taken doesn't have to be claimed.

There was a discussion some weeks ago about this, allowed and allowable. I am sure if you type in these words for a search you will find the thread.