View Single Post
  #7 (permalink)  
Old 04-19-2008, 09:01 AM
scfr scfr is offline
$ Saving College Senior
 
Join Date: Sep 2006
Forum Posts: 2,375
Default

Aleta - Part 3 of IRS Form 8829 (Expenses for Business Use of Your Home, used with Schedule C) is "Depreciation of your Home." We did claim a depreciation expense for the office portion of our home (the building only; not the land). Whether we had to or whether we CHOSE to, I no longer remember. In either case, we did pay capital gains tax on the office portion of our home after we sold.
Reply With Quote