turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

vagus1200
New Member

been using actual expense method for home office deduction. if change o simplified method, what happens to my original depreciation method if i switch back to actual exp

actual expense calculation method used 39yr depreciation. when changed to simplified method, what happens to the depreciation calculation in that year & subsequent years?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

been using actual expense method for home office deduction. if change o simplified method, what happens to my original depreciation method if i switch back to actual exp

Unless the tax laws change, the methods don't change if you switch back to the actual expense method, and prior depreciation doesn't disappear. No depreciation is included in the simplified method, and none is allowed for the home.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question