Never mind. I forgot that I could not take a deduction on mortgage principle.
That said, depreciation recapture on property is 25%? So in theory I could buy a home to use as an office. Could I take bonus depreciation or at least section 179 depreciation (assume the home is around 1 million). Assume my tax bracket is around 40%.
I could then after a year or so convert to personal use. Depreciation recapture would then tax me at 25%. This would result in a 15% savings? Again, am I missing something?
