[Hidden-tech] home office deduction question

[Duane Dale]

See IRS Pub # 587 re home office deduction.

I think it has to be 100% business use. (Do your personal finances and
personal emailing somewhere else. And lodge your houseguests in a different
room, too.)

I think the portion of deduction related to the depreciation of your home
(depreciation prorated @ the % of the home's square footage that the office
occupies) reduces the cost-basis of your home, therefore increasing the
capital gains when you sell it.
(This might / might not be a problem, if you "die in office" or if you take
the one-time home-downsizing exemption, it won't matter.)

But see the Publication, and it might make sense to pay that tax person re
the specifics that pertain to you.

-- Duane Dale


On Mon, Apr 30, 2012 at 12:03 PM, tom's gmail <tomadams at gmail.com> wrote:

>   ** Be sure to fill out the survey/skills inventory in the member's area.
>   ** If you did, we all thank you.
>
>
> Hi fellow work-at-homeers,
>
> Is there a down-side to claiming a home office space as a tax deduction?
>
> Specifically wondering how it affects the value of our home over time?
>
> our accountant has suggested that it's not always a good idea... but we
> can't figure out her reasoning & she'll charge us more for giving us a
> clearer answer...
>
> any info would be greatly appreciated.
>
> Regards,
>
> Tom Adams
> 413.575.9707 • Williamsburg, MA
> (from my virtual office/iPhone)
>
> Director/Owner:
> www.ReelifeProductions.com &
> http://Folktography.zenfolio.com
> http://me.com/ReelifeProductions
>
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