PatriciaV
Expert Alumni

Deductions & credits

Yes, when you reported that you stopped using your home for business, TurboTax deleted the asset from your return. This is why AnnetteB6 advised you to keep your depreciation schedule. When you begin using your home again for business, you will add your residence as a home office asset using the information from the depreciation schedule (which includes accumulated depreciation).

 

Since the information has been removed, your only option is to start a new return by transferring your TurboTax return from last year. However, the result will be the same if you again report you stopped using your home for your business. This is a TurboTax limitation for assets converted to personal use.

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