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Those that work from home - tax question
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EmmaNick
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Member since 12/06 16001 total posts
Name:
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Those that work from home - tax question
Do you write off a portion of your mortgage/rent for your home office? Are there specific rules? Do you know if it applies to renters? TIA
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Posted 2/4/09 3:17 PM  |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Those that work from home - tax question
I thought the home office deduction is only for self-employed people. Maybe somebody can chime in on this?
I will probably be asking my CPA the same question when I see him next month.
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| Posted 2/4/09 4:20 PM |
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kaadf5
LIF Adolescent
Member since 4/08 538 total posts
Name:
anna
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Re: Those that work from home - tax question
From what i understand they are really tough on this one. The space has to be 100% work related and no way your living area. My accountant advised against it but if you find anything out i would love to know.
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| Posted 2/4/09 4:32 PM |
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EmmaNick
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Member since 12/06 16001 total posts
Name:
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Re: Those that work from home - tax question
Posted by kaadf5
From what i understand they are really tough on this one. The space has to be 100% work related and no way your living area. My accountant advised against it but if you find anything out i would love to know.
The space is a 400 square foot office that is 100% work related so that's not an issue. This isn't for me BTW.
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| Posted 2/4/09 4:43 PM |
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EmmaNick
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Member since 12/06 16001 total posts
Name:
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Re: Those that work from home - tax question
Posted by ave1024
I thought the home office deduction is only for self-employed people. Maybe somebody can chime in on this?
I will probably be asking my CPA the same question when I see him next month.
I was just perusing turbo tax and it said something like to claim the deduction on personal taxes that you must be employed by someone else (which is the case in this instance).
Someone answered my question privately though (yes), so thanks all 
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| Posted 2/4/09 4:45 PM |
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