Accounting Method for Home Office Depreciation

Technical topics regarding tax preparation.
#1
TrueTax  
Posts:
167
Joined:
18-Feb-2016 4:21pm
Location:
Northern California
If a taxpayer incorrectly calculates the home office depreciation for two years or more by using the wrong square footage figure, is a change in accounting method and form 3115 required? Does it make any difference if the depreciation for those years was not actually taken against taxable income because the business was not profitable?
 

Return to Taxation



Who is online

Users browsing this forum: artp, ChrisGCPA, CPA1, deniz, Google [Bot], Google Adsense [Bot], GRobCPA, JoJoCPA, kyle242gt, rbynaker, taxtothebest and 196 guests