I claimed home office mtg exp for years, never a problem

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I claimed home office mtg exp for years, never a problem
Posted by sigtogo/OR of OR on 3/29/22 10:38pm	Msg #639163

knock on wood!
tax is applicable when selling but the tax savings was higher so in the end it benefited me. There is also a depreciation factor at play that is way over my head. I have a great CPA!
I also had a fairly low tax rate and never had a gain on sale of a home that was over $250k.

Messages in this Thread
	Tax question - mortgage interest - Roadie_MD on 3/29/22 1:33pm
	Re: Tax question - mortgage interest - Clem/CA on 3/29/22 1:52pm
	Re: Tax question - mortgage interest - Roadie_MD on 3/29/22 2:04pm
	If you don't claim a home office you can't claim interest as - sigtogo/OR on 3/29/22 9:59pm
	Re: If you don...that was my thinking - Linda_H/FL on 3/31/22 8:48am
	Yes, it would be a % for portion used as home office. n/m - MW/VA on 3/29/22 3:52pm
	Re: Tax question - mortgage interest - JanetK_CA on 3/29/22 4:15pm
	for those who itemize - Clem/CA on 3/29/22 4:26pm
	They increased the personal exemption, so many don't - MW/VA on 3/29/22 7:50pm
	NSA income reported on Schedule C, standard deduct for 1040 - sigtogo/OR on 3/29/22 10:17pm
	Re: Tax question - mortgage interest - Carolyn Bodley on 3/29/22 8:24pm
	Re: Oops - our house, not her house n/m - Carolyn Bodley on 3/29/22 8:26pm
	Re: Tax question - mortgage interest..I have also heard - Linda_H/FL on 3/29/22 10:18pm
	I claimed home office mtg exp for years, never a problem - sigtogo/OR on 3/29/22 10:38pm
	Re: Tax question - mortgage interest - James Powell on 3/30/22 8:52am

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