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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Home Office Depreciation-Should I Update Basis?
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Home office and vehicle use
A client runs a beauty salon. She has no place in the salon to do her paperwork, so she does all her administrative work and bookkeeping from a small office in her home. I believe this qualifies her to take a home office expense deduction. However, she also asks about car usage for travel between the home office and the salon. My take is that this...