Rented out part or all of your home? Selling could trigger unexpected taxes. Learn how depreciation recapture works, how it interacts with the Section 121 exclusion, and why planning before the sale matters.
The internet is full of people telling business owners what they can “write off.” Buy it through the business, put your logo on it, or call it marketing—and suddenly, it is supposedly deductible. Unfortunately, the Tax Code does not work that way.