FIGURING DEPRECIATION ON SALE OF MAIN HOME

[BABYWMS]

I sold my main home that I lived in for 28 years, but for 5 years I used a room for a home business in which I used the simplified method on the square footage of the room for my business expense.  How do I claim the depreciation that I don't believe I took in any of those years, on my taxes now.  

[DianeW777]

Yes, you are correct. The simplified method is just that, simple. No depreciation, no depreciation recapture. 

• IRS Topic 509-Business Use of Home

[BABYWMS]

Thank you however my tax software is requiring me to put an a number on the depreciation line in order to move forward on my taxes.  Did I possibly do something wrong, input something in a place in the software I should not have that is trigging this  requirement? I do not have a capital gains requirement do to the sale of the home so not sure why it is requiring an entry on the depreciation.   Thank you

[BABYWMS]

Actually it is requiring me to put an entry on the AMT line, not the depreciation line, even though it shows I don't owe an AMT.

[KrisD15]

Try entering Zero or revisit the interview and answer "No" to home office and/or depreciation. 

Be sure to enter this under "Sale of Home" and not "Sale of Business Property" nor sale of an investment. 

[BABYWMS]

Thank you, I entered zero and it worked.