Investors & landlords

@GeorgeM777 

 

Why is simplified method not an option for me but actual is? Simplified is just $5 per square foot times Square foot of business use space up to 300 square feet limit. You cant use your entire apartment for business use of home. This is for business use of home not renting it out as business if that is what you thought. I read that I can make a switch from one year to another. You just can't change it in that same year like Jan use actual method Feb switch to simplified then switch back again in March same year for example. Since I did not take depreciation because I rent not own does this part of even apply to me?