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Level 1
July 17, 2019
Question

property

  • July 17, 2019
  • 3 replies
  • 18 views

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
    July 17, 2019

    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
    July 17, 2019

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