I had a home office for 20 years and sold my home in 2018. I know I need to recapture the depreciation, but not sure how or where to find the the amount I included as ordinary income.
My home office area averaged around 9.5%, depending on years my wife also had an office. 7.06% for me or 11.95% for both.
Would the Depreciation be the amount on line 41 of our form 8829?
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Line 41 will give you the depreciation percentage. Line 42 gives you the amount of depreciation for one year. If that amount was consistent for every year, multiply it by the number of years you had a home office.
Line 41 will give you the depreciation percentage. Line 42 gives you the amount of depreciation for one year. If that amount was consistent for every year, multiply it by the number of years you had a home office.
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