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Level 1
Jul 17, 2019 4:48 PM UTC
Question

property

I rent a space in an office suite. Why does my tax return has it as i rent the entire building?

    3 replies

    Critter
    Level 15
    Jul 17, 2019 6:41 PM UTC

    You rent 100% of the space you use ... no where does it say it is 100% of the total building it is in ... and do not enter the office as an asset since you cannot depreciate it. 

    Critter
    Level 15
    Jul 17, 2019 6:42 PM UTC

    If you are filing a Sch C then you should NOT be using the office in home section at all.