Can I charge my Sole-proprietorship business rent rather than taking the office use of the home deduction, or is this just a wash since it increases personal income

Just had to pay capital gains when i sold my home due the the depreciation from business use of the home. I want to avoid that in the future if I sell this new home.

posted

A landlord also needs to depreciate, so it would end up being the same as claiming a home office. It would also be tricky to do legitimately.

Recaptured depreciation is taxed at your income tax rate, not as a Capital Gain.

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We moved from ONT to AB due to of my wife's new work(Work1).Can we still deduct the moving expense if she switched to another job(Work2) and no longer work for Work1?

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Can I charge my Sole-proprietorship business rent rather than taking the office use of the home deduction, or is this just a wash since it increases personal income