Hi @wonorarustow
How many years do you depreciate a home office?
According to the IRS, your home office counts as “nonresidential rental property” that gets depreciated over 39 years using the straight-line method. Basically, just divide the lesser of your adjusted basis or FMV by 39, and that's the annual depreciation
How do I claim depreciation on my home office?
You can report the home office deduction on federal Form 8829, "Expenses for Business Use of Your Home." This form is filed along with Schedule C, "Profit or Loss From Your Business," on your personal Form 1040 You can include the building materials and other expenses here.
Thank you for using TurboTax!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
