How is the depreciation on my home office figured?
The depreciation deduction for your home office is calculated using the cost of your home (excluding land) multiplied by the percentage of your home that was used for business.
Although your home is a residence, depreciation of your home office is generally figured as if it were commercial property. A 39-year recovery method is usually used.
Although your home is a residence, depreciation of your home office is generally figured as if it were commercial property. A 39-year recovery method is usually used.
