I talked to one of my friends who has a pretty big tax accounting business about taking home office deduction. He advised me not to take that for the following reasons:
1. You will need to RE-capture for all of the depreciation that you have taken on your own home when you sell.
2. Currently, tax laws already allowed most of the deductions for the home (such as property tax & mortgage interest) even if you don’t deduct those thru home office deductions.
3. I am pretty sure that home office deductions are limited to your business earnings. That means that if you don’t earn as much as your home office deductions, you can’t take advantage of it. I think it’s in schedule C.

Boy, I should probably have a post for this. Or you can research this further, and write a post for it. But in any case, I want to get all of these info to you, before you start to do it. Maybe I’m wrong because it has been a little while.

Best luck.

The sale of your personal residence is usually not taxable. However, by claiming an office-in-home deduction, you’ve turned a portion of your home into business property. The sale of business property is taxable.

To determine whether a house is your personal residence, the IRS asks whether you lived in the home for two of the last five years. If so, you can use the special rules for sale of personal residence. To avoid being taxed on any portion of your gain on the sale, you generally should not claim the office-in-home deduction for two full years before you sell the house.

It is my understanding that when you sell the house, a larger percentage of the price goes to taxes because of the deductions for office deductions.

They always get thiers somehow!!!