the Home office deduction requires me to do what when I sell my home.?

[Quebmana]

the Home office deduction requires me to do what when I sell my home.?

[DoninGA]

You have to recapture all the depreciation taken for the home office and then pay capital gains on the recaptured amount when the home is sold.  The recaptured depreciation is not included in any exclusion you are eligible to receive on the home sale.

[DawnC]

Recapture the depreciation taken for the use of the home office.   

[Quebmana]

So to understand this correctly if i have 1700 in depreciation each year in 10 years that's 17,000. So the 10th year i sell the home i will need to pay capital gains of 17,000, AKA the 17,000 is taxable income.

[DoninGA]

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@Quebmana wrote:

So to understand this correctly if i have 1700 in depreciation each year in 10 years that's 17,000. So the 10th year i sell the home i will need to pay capital gains of 17,000, AKA the 17,000 is taxable income.

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You pay capital gains taxes on the $17,000 which is currently 25%.