qbteachmt
Level 15

Yes, I know this is called "tax practice" because of differing views; everyone is Practicing, and no one gets it perfectly.

Depreciation as a deduction but not a reimbursement as Actual Expense, is the explanation and position taken in this article:

https://wcginc.com/blog/home-office-depreciation/

This article explains using the Simplified Method:

https://www.journalofaccountancy.com/issues/2020/may/deduct-home-office-expenses-coronavirus-remote-...

At the bottom part of the Home Office blog, where the value of depreciation is reviewed with an example, they come up with $500 that would relate to the 150 sf office space, under Actuals + depreciation to be recaptured later. Under the Simplified Method, you have $750 that does not provide for depreciation or carry forward.

 

Pick your poison.

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