When meeting with new clients that have sole proprietorships or single-member LLCs, I often find that their prior accountant or CPA had them take depreciation on the portion of their home used for an office in home. I am not necessarily against taking the deduction, but I do think it is not right for everyone [...]
Posts Tagged ‘1250 Recapture’
Office in Home Depreciation
Posted in Individual Tax, Tax Planning, Tax Tips, tagged 1250 Recapture, 8829, Individual Tax, Office in home deduction, Schedule C, Tax Planning on August 2, 2008 | Leave a Comment »
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