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Deductions & credits
That's a bummer, but certainly good to know. Does that also apply to using standard deduction vs actual expenses?
On a related note, Let's say many years down the road I sold my home and had some proceeds subject to capital gains. Would the taxed amount be different based on only having the office deduction for a couple years vs having it for numerous years, or is it sort of a do it once and it's stuck there forever sort of thing?
I appreciate all your help btw.
‎October 16, 2023
9:27 AM