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Home » Business

Ending A Home Based Business – What Are The Tax Implications?

Submitted by on October 5, 2009 – 10:54 amNo Replies


A web user asks, I’ve been writing off my home based business for the last few years. If I stop using that portion of my home solely for my business, how do I indicate that on my taxes?
Additionally, does anyone know of any resources that indicate what the implications are of stopping a home based business write-off?
I see lots of information on how/what to write-off for a home based business, but can’t seem to find anything on what to do when that ends.

Can you help them out. Post your advice!

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