Discussion:Allowed or allowable after miscalculation and 2% haircut??

Here's a head-scratcher. A salesman/employee has a home office. It satisfies all the criteria to be deductible. But in computing depreciation on the office portion of his home the taxpayer miscalculates and slightly understates the Section 167 deduction on his Form 4562 and carries the mistake over to his Form 2106 and then to his Schedule A. But the deduction for his Miscellaneous Itemized Deductions is subject to the 2%-of-AGI haircut and he ends up deducting even less than what he calculated as his depreciation.

Let's put up some numbers. His [mis]calculated depreciation was $145 but it should have been $160 but his actual deduction for Miscellaneous Itemized Deductions ended up being only $95 after his 2% screwing.

Here's the question: How much was his "allowed or allowable" depreciation for the year?

Don't know off the top of my head but here's a thought.

14 views to this point and no one has told you to amend???

You know, this is material stuff we are talking about. (lol)

This forum has come a LONG way. (lol)