[Hidden-tech] home office deduction question

R. David Murray rdmurray at bitdance.com
Mon Apr 30 21:32:04 EDT 2012


I'm guessing she is referring to the issues involving the capital gains basis
at sale given that you depreciate as part of the deduction.

I searched on 'home office capital gains sale", and this was the first hit
and seems relevant:

  ihttp://workathomemoms.about.com/od/taxes/a/homeoffquestion.htm

On Mon, 30 Apr 2012 20:16:11 -0400, Karl Hakkarainen <kh at queenlake.com> wrote:
> Our financial adviser has indicated that home-office deductions are often
> flags for audits because there have been so many suspect claims. It depends
> a lot on what kind of business you have, whether you're meeting customers
> at your home-office, and a bunch of other stuff. The IRS has a page
> home-office deductions:
> http://www.irs.gov/newsroom/article/0,,id=108138,00.html. After reviewing
> the IRS material and talking with our adviser, we decided not to take the
> deduction.
> 
> The real estate folks on this list can comment about house valuations.
> 
> On Mon, Apr 30, 2012 at 12:03 PM, tom's gmail <tomadams at gmail.com> wrote:
> 
> > 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.


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