We lived in a rental house for 8 months while our current home was being built and lived in the current home for the remaining 4 months of 2024. Both houses had a dedicated office space exclusively for my husband's business. He was exclusively a 1099 employee for the first 7 months of 2024. The remaining 5 months he was primarily a W2 employee with minor 1099 employment. Our personal information obviously has our current address listed, but the 1099 employment was done at our rental house, which was also our address for 2023. How do I split the 1099 home deductions on form 8829 - do I need to complete 2 forms (one for each address) and keep all business expenses separate as well (expenses incurred while at each address)?
Also, we bought a desk (over $2500) and a chair (under $2500) for our current house. He is primarily a W2 employee that works from home because the company doesn't have a designated office space. Can these expenses be considered either an asset or expense? I would not want to depreciate the desk, I would rather just have the one time deduction.
