turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

YDL
Level 1

Can you not claim Home Depreciation in Form 8829 using standard method

I know you can use the Simplified Method for Home Office expense to avoid claiming Home Depreciation. But I like to itemize the home office use, but not to claim Home Depreciation. TurboTax automatically filled in Part II Home Depreciation. How do I delete Part III?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AnnetteB6
Expert Alumni

Can you not claim Home Depreciation in Form 8829 using standard method

You can go to the Home Office section of your Schedule C and toward the end of entering all of the expenses related to the home office, there should be a section for depreciating the home office itself where it can be deleted.  

 

However, you should keep in mind that whether or not you actually claim depreciation on the home office portion of your home, when you sell that home, you are required to recapture that depreciation for the portion of the home that was used for business purposes.  So, it is better to at least get the benefit of the deduction for depreciation instead of receiving no benefit and recapturing it later.  

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question