I have had a home office since the purchase of my home in 1977. I built an office in 1990 and then another space that is also used exclusively for business. I'm confused about the property taxes as the accountants that are in the same office have done it differently these past 3 yearsl
My property taxes are $17 K. There is a limit to deduct $10K if I were to itemize. The program says the standard deduction is best. Does that mean I put the entire $17K in the indirect expenses on line 17? Last year the difference was put under direct expenses on line 17. Previous years the entire amount was put under indirect expenses. Perhaps some years they itemized and some years they didn't. Will the program just put in in the riht place? Also there is part III for depreciation of your home. I have had a home office since I purchased the house but started using a bedroom, then built a space with a separate entrance and then an additional space. I have no idea how the previous accountants came up with the depreciation amount as it is much more than I am coming up with.
