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

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

82abnseg
New Member

How do I recapture Home Office depreciation after sale of primary home?

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?

Connect with an expert
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 Best answer

Accepted Solutions
Coleen3
Intuit Alumni

How do I recapture Home Office depreciation after sale of primary home?

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. 

https://www.irs.gov/pub/irs-pdf/f8829.pdf

View solution in original post

3 Replies

How do I recapture Home Office depreciation after sale of primary home?

Look at the 2017 depreciation worksheet for the year to date total and add the 2018 amount.
82abnseg
New Member

How do I recapture Home Office depreciation after sale of primary home?

Thanks!
Coleen3
Intuit Alumni

How do I recapture Home Office depreciation after sale of primary home?

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. 

https://www.irs.gov/pub/irs-pdf/f8829.pdf

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies