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EDGEMAN

Joined: 01/05/2001 Posts: 124899
Likes: 40451


But remember if you start depreciating your home office...


...that amount is deducted from your "purchase price" cost basis when you sell your home, meaning you make more (taxable) money from the sale than you would have if you hadn't depreciated the home office. The government will get their piece...lol


(In response to this post by Tafkam Hokie)

Posted: 08/10/2018 at 5:56PM



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Current Thread:
  So serious question... -- HokieForever 08/10/2018 2:07PM
  Don't ignore property taxes. -- EDGEMAN 08/10/2018 6:03PM
  Start a small business on the side -- Tafkam Hokie 08/10/2018 2:53PM
  Interest rates will have a bigger effect. -- Hokie360 08/10/2018 3:03PM
  Good point forgot about that change. ** -- HokieForever 08/10/2018 2:50PM
  True I get that... -- HokieForever 08/10/2018 2:33PM
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  Because they live with parents? ** -- Hokie Bird 94 08/10/2018 8:54PM
  True... -- Hokie5150 08/10/2018 5:55PM
  I very seriously doubt that ** -- 83Hokie 08/10/2018 3:15PM
  4th expense: Don't have kids ** -- hoosnowahokie 08/10/2018 1:04PM
  Yep. In-state public schools for my kids. ** -- RoswellGAHokie 08/10/2018 1:54PM
  +Plus food ** -- Newt 08/10/2018 3:19PM
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  Dang right! They're expensive ** -- TexasGobbler 08/10/2018 1:14PM

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