Re: [CANSLIM] Deduction Subject to 2% Limit

From: "Charles & Lois Layne" <lelayne@earthlink.net>
Subject: Re: [CANSLIM] Deduction Subject to 2% Limit
Date: Wed, 23 Jul 2003 21:47:17 -0400

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- ----- Original Message -----
From: "Jeff Sasmor" <jsasmor@gte.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, July 23, 2003 10:33 AM
Subject: Re: [CANSLIM] Deduction Subject to 2% Limit


> >There are rules for "home office" use, but they can become so ponderous
to
> >track and calculate that the payoff is not worth the effort.
>
> You also have to recapture any accelerated depreciation on the portion
> of your home used for business when you sell your home (use S/L instead)!
> That actually happened to me about 8 years ago and I don't think
> that those rules have changed. So be sure to talk to a tax advisor
> b4 trying to use the home office deduction!
>

Just gotta love the tax code!   :)


Chuck Layne




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