HOW CAN I ENTER A NEW HOME OFFICE WHILE STILL RETAINING THE OVER $2000 HOME OFFICE DEDUCTION CARRY FORWARD FROM LAST YEAR?
I didn't end this home office and enter a new one because I have over $2000 in home office deduction carry forward. I noticed that I would lose the carry forward amount if I entered a new one.
Reducing the basis value like that may be correct numerically, but it still contradicts the theory when the IRS questions me "why is the land value left blank?" It might make the issue more complicated to correct later. Furthermore, no one wants to report less than the actual huge amount they had to spend.
