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New Member
posted Jun 3, 2019 12:13:36 PM

How do I recapture Home Office depreciation after sale of primary home?

I had a home office for 20 years and sold my home in 2018. I know I need to recapture the depreciation, but not sure how or where to find the the amount I included as ordinary income. 

My home office area averaged around 9.5%, depending on years my wife also had an office. 7.06% for me or 11.95% for both.

Would the Depreciation be the amount on line 41 of our form 8829?

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1 Best answer
Intuit Alumni
Jun 3, 2019 12:13:41 PM

Line 41 will give you the depreciation percentage. Line 42 gives you the amount of depreciation for one year. If that amount was consistent for every year, multiply it by the number of years you had a home office. 

https://www.irs.gov/pub/irs-pdf/f8829.pdf

3 Replies
Level 15
Jun 3, 2019 12:13:37 PM

Look at the 2017 depreciation worksheet for the year to date total and add the 2018 amount.

New Member
Jun 3, 2019 12:13:39 PM

Thanks!

Intuit Alumni
Jun 3, 2019 12:13:41 PM

Line 41 will give you the depreciation percentage. Line 42 gives you the amount of depreciation for one year. If that amount was consistent for every year, multiply it by the number of years you had a home office. 

https://www.irs.gov/pub/irs-pdf/f8829.pdf