Do I have to take depreciation on my home office? I prefer not to take the deduction.

kms7322 · ‎June 5, 2019

PaulaM · ‎June 5, 2019

If you take the home office deduction, then the depreciation goes along with it. The IRS will recapture depreciation (when you sell your home) regardless if you took it or not. Why not get the entire deduction if you will pay taxes on the recaptured amount later?

You can choose not to take the home office deduction all together and avoid the depreciation recapture.

http://budgeting.thenest.com/depreciate-home-office-23547.html

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PaulaM · ‎June 5, 2019

If you take the home office deduction, then the depreciation goes along with it. The IRS will recapture depreciation (when you sell your home) regardless if you took it or not. Why not get the entire deduction if you will pay taxes on the recaptured amount later?

You can choose not to take the home office deduction all together and avoid the depreciation recapture.

http://budgeting.thenest.com/depreciate-home-office-23547.html

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Pet81 · ‎June 5, 2019

How do we know if we took home office depreciation and by how much on tax form?

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Do I have to take depreciation on my home office? I prefer not to take the deduction.