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Deductions & credits
Responding to KathrynG3:
Yes, I understand that the basis for depreciation in Form 8829 is adjusted based on the square footage of the home office in relation to the whole home. Separately, your point about the percentage limitation as applied in Form 5695 is helpful to know, though in my situation the home office is only 10% of the home so I believe I am in the clear. Many thanks for the clarifications!
March 23, 2021
12:16 PM