I am trying to fill out the Form 8829 and wanted to use the regular deduction rather than the simplified, but didn't use the regular deduction last year. So, I'm having to figure out the depreciation of the home office. The problem I ran into is that the date acquired - or when we bought the home, which was in 2021, but we lived in the same residence previously renting, so I started teaching here in 2015. The form states that I cannot have a date placed in service as earlier than when it was acquired.
How do I reconcile this value that they say is an "unacceptable value?" Is it fine to state that the "Date Place in Service" is in 2021 even though I was teaching before that?
Also, I am assuming I would then figure out the depreciation based on when we bought it in 2021, so if I am doing the taxes for 2023 the depreciation would be for only 2 years?
Any help would be appreciated. Thank you.
