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Home Office Expenses

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  4. Do I lose any of my home sale exclusion if I claim a home office deduction?

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.

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