Could there ever be a situation where a taxpayer, who ownes his own home, qualifies to take an office in home deduction but does not qualify to take a depreciation deduction for the portion of his home used as a home office?
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Depreciation
Not that I know of. 39 years for home office portionConfucius say:
He who sits on tack is better off. -
Yes, certain OIH deductions, including home depreciation cannot create or increase a net loss. Unallowable deductions are carried forward until eligible to claim.
See Pub 587.Last edited by smithtax; 11-07-2012, 04:44 PM.EAnOKComment
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