I'm sorry, I don't understand what you're saying, it's like a foreign language to me. How do I figure out "adjusted basis of your home"? Is that the price it was valued at when I started using it for a home office? Does that include expenses for upkeep? Utilities? Cost of improvements?
I purchased the home in 2001, started working from home in 2004, rented it out from 2008-2015, and then moved back in 2015 and was still working from home. So did I start using it as a home office in 2004 or 2015? Do I dig up the cost of the land vs structure in 2001 or 2015?
Thanks for your help, and please feel free to answer in laypersons' speak. 🙂
