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Posted by taxmax on March 12, 2008, 3:42 pm
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We just bought a second home in April 2007. My husband does a lot of
consulting form both homes. We live in both homes on a regular basis
(60% of time in first home and 40% in second home). Do I need to file
two 8829 schedules for 2007? Should I prorate the total home office
expenses of each home by 60% & 40%? We have spent $ 14,000 on second
home to turn it to an office (Cabinets, book shelves, etc). Can I
deduct it as a section 179 expenses for 2007?
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