TimeToo24
Returning Member

Depreciation of home for business use

Hello

 

I sold my home of 30 years in 2021. The first 20 years, I had a photography studio business in the house occupying approximately 40 percent of the square footage of the home.

 

Can I deduct depreciation of the home in the final sale? 

 

Would it be filed under cost basis or is there another form to fill out if so?

 

Thanks ahead!!

 

Bob