Home Office Tax Simplification Act of 2002
Last action on Jul 25, 2002Referred to the House Committee on Ways and Means.
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Summary
Home Office Tax Simplification Act of 2002 - Amends the Internal Revenue Code to set a minimum deduction of $2,500 for the business use (or rental of) of a dwelling unit.
Repeals the requirement of a depreciation recapture on the sale of a principal residence.
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