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Deductions & credits
As you go through the Home Office section you should see some Home Office Assets that have been entered, including your home itself. The list of Home Office Assets will be shown after you have visited all of the other home office expense screens.
Click Edit beside the Asset that is your home, and look for the check box at the bottom of the screen titled 'Tell Us About Your Home'. The check box will indicate that you stopped using the home office for your business. Therefore, depreciation will only be calculated up to the date that you stopped using the home office.
Be sure to print the depreciation worksheet and keep it for your records to show how much depreciation has been taken over the years for your home office.
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March 17, 2023
6:24 AM