Regarding the home depreciation as part of the adjusted cost, if I use the simple method and multiply $5 by the square feet of my office, do I add or subtract that amount from the costs for the home to determine the adjusted cost?
If you used the simplified method, you do not have to recapture the depreciation whatsoever
If the total amount of my deductions do not exceed $27,000, do I need to just use the standard deduction and not itemize? Do I only need to file the short form?
