Business
Business, 18.07.2020 21:01, billy12008

Lee had to report his home office depreciation for the tax year. He has a 2,500 SF home and a 500 SF office area. Lee paid $280,000 for his home, and he figures the land portion carries about 25% of that value. If Lee depreciates on a 39-year basis, how much can he write off for his home office depreciation per year

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Lee had to report his home office depreciation for the tax year. He has a 2,500 SF home and a 500 SF...

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