The National Directory of Certified Public Accountants

Ask A CPA - Home Office Expenses

Do I Lose Any Of My Home Sale Exclusion If I Claim A Home Office Deduction?

You will not lose any of the $500,000 (married filing jointly) 250,000 (non-jointly filed return) residence sale exclusion if you previously claimed a home office deduction. However, any depreciation taken after 5/6/97 must be recaptured at a rate of 25%. You cannot avoid this recapture by not claiming depreciation as a deduction in a given year.

If you need professional help with "Home Office Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.