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Deductions & credits
never heard of that recapture depreciation rule. Then no one would use depreciation for businesses if they have to payback
If I use regular method, then I would need to get my home office deduction to be greater than $15,000 (to beat the simplified amount of $1,500). which is not possible.
Only way to do that, is to use depreciation of $1,464 + $580.18 (10.21% * 5,682 home expenses, excluding interest/property taxes for now, all on sch A) .
‎August 26, 2021
4:39 PM