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Business Use of Home
Client works 30 hours per week from home as and 10 hours per week in the building as a teacher. Is an employee; received a w-2. Client started work during shutdown. Does not have an office or a desk in employer's building. Situation sort of evolved due to Covid. Uses one room regularly and exclusively for the 30 hours per week of work. Client does...
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Home Office Depreciation-Should I Update Basis?
My client has a home office for which we have been taking depreciation since 2005. In 2013 they spent 25,000+ in a kitchen remodel. They do not use the HO to meet clients--it is purely for administrative use that qualifies it as their principal place of business.
So should the basis be increased by the cost of the improvements, or...
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