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
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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?
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.