Message Font: Serif | Sans-Serif
No. of Recommendations: 0
"You could drop a dime on him (or would that now be a quarter or two bits - just what has inflation done to cliches?).

I think it's around 63.5 cents. :)

I'm a believer in "what comes around, goes around". He'll probably have more than a dime dropped on his head. :)

Home office write-off needs to be recaptured on sale.

So, the money for the H/O goes back if he sells?

Home office equipment should be prorated between business and personal use.

Key words: Should be

Thanks for the input JAFO
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.