I use the desktop version and when I go into the "Home Office Expense" area it takes me to "home office summary" which has the name of my office and I did to click on the Edit Button. When I do that it then takes me to the 2 questions to see if I can claim my office.
1. Do I use this part of my home exclusively......
2. Do I use this home office regularly...
If I say no on these when I normally say yes now for many years, it just tells me I cannot do the home office this year and try next year. However it is still using the depreciation and putting it on carry forward which is the reason I want to put my home office on hold for the year or may go into this year even, not sure yet. I don't want the depreciation accumulating when I have no income to offset it and I don't know if I will have any this year to continue forwarding depreciation and then need to recapture it in the future at a higher percentage than my current tax bracket. Makes no sense to me.
Can you please help me to stop this and basically put my office on a stop using for now and please let me know if I can turn it back on if I want or if I have to create a new office in the future and then keep track of my previous depreciation expense?
I hope I am making sense to you.
Thank you.
