Hi everyone,
Client stopped using their home office, so depreciation should be stopped. However, he is still working as self-employed and will receive a 1099-NEC and file Schedule C for the next year.
What I found in the Common Questions section is:
Follow these steps to stop depreciation on an asset:
Do you think that would be enough to inform the IRS that the client stopped using the home office?
Any help!
That stops the depreciation. Then you print out the depreciation worksheet so you have the accumulated amount to recapture when the house sells
You mean just enter the date of disposition, right?
I think I should click on QuickZoom and then follow those steps, am I right?
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