Home Office Deduction Tax Worksheet
|Share this article:|
Although the IRS has eased its position for individuals considering taking a home office deduction, the matter still requires some careful thought. Subsequent sale of your home will usually require the depreciation taken to be reported as income. Use this worksheet to make a preliminary assessment of the potential tax benefits vs. the inconvenience.
View worksheet in PDF Format.
James Lange, CPA/Attorney
Jim is a nationally-recognized tax, retirement and estate planning attorney with a thriving registered investment advisory practice in Pittsburgh, Pennsylvania. He is the President and Founder of The Roth IRA Institute™ and the bestselling author of Retire Secure! Pay Taxes Later (first and second editions) and The Roth Revolution: Pay Taxes Once and Never Again. He offers well-researched, time-tested recommendations focusing on the unique needs of individuals with appreciable assets in their IRAs and 401(k) plans. His plans include tax-savvy advice, will and trust preparation and intricate beneficiary designations for IRAs and other retirement plans. Jim's advice and recommendations have received national attention from syndicated columnist Jane Bryant Quinn, his recommendations frequently appear in The Wall Street Journal, and his articles have been published in Financial Planning, Kiplinger's Retirement Reports and The Tax Adviser (AICPA). Both of Jim’s books have been acclaimed by over 60 industry experts including Charles Schwab, Roger Ibbotson, Natalie Choate, Ed Slott, and Bob Keebler.
As a gift, you'll receive a summary of Jim's bestseller, Retire Secure! - acclaimed by Charles Schwab, Ed Slott, Jane Bryant Quinn and 50 other financial professionals! Enter your e-mail address to receive our FREE e-newsletter!
Need a Keynote Speaker?
James Lange, CPA/Attorney Nationally-Acclaimed Roth IRA Expert,
Best-Selling Author & Keynote Speaker
Training Your Financial Advisors on the Latest, Cutting-Edge Roth IRA Conversion Strategies
Jim Lange - Now Available to Train YOUR Team
» Learn More