Question

Change in business use percent of home office

Forum|Forum|5 years ago
April 11, 2021
1 reply
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For the past twenty years or so I have used my home for teaching music lessons and taken a home office deduction. I have two rooms that are part of my home office. One is the actual studio where I teach, the other is a waiting room for students and their families. Because of Covid I have only been teaching online, the waiting room has been empty since last March. I need to reduce the percentage used for business to reflect this change. Will this be a problem? Is there anything special that I need to take into consideration?

Not A Product Question

ColeenD3

No, there is no problem. The program will calculate less depreciation. Although the program carries the depreciation from one year to the next, it never hurts to keep track.