FIGURING DEPRECIATION ON SALE OF MAIN HOME

Forum|Forum|11 months ago
April 14, 2025
1 reply
0 views

I sold my main home that I lived in for 28 years, but for 5 years I used a room for a home business in which I used the simplified method on the square footage of the room for my business expense. How do I claim the depreciation that I don't believe I took in any of those years, on my taxes now.

DianeW777

Yes, you are correct. The simplified method is just that, simple. No depreciation, no depreciation recapture.

IRS Topic 509-Business Use of Home

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

BABYWMSAuthor

Thank you however my tax software is requiring me to put an a number on the depreciation line in order to move forward on my taxes. Did I possibly do something wrong, input something in a place in the software I should not have that is trigging this requirement? I do not have a capital gains requirement do to the sale of the home so not sure why it is requiring an entry on the depreciation. Thank you