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Deducting home costs if I work from home on the side?

I have a question on how to claim deductions if I use my home as a home office. See http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/229/cmmssn/hm-eng.html Let us say ...
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0answers
108 views

Write off bedroom as office

Right now, I rent a 4/4 with 3 roommates. One of my roommates is leaving at the end of this rent period. The rent for us is $225/month/room. If I rent both my current room and a second room (the room ...
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2answers
89 views

Do I have to pay the internet installation charges for my home's company internet?

My company wants me to have internet at my apartment, as in emergency I can work from home. Company pays monthly internet bill. Also first time installation charges. But recently I moved into a new ...
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1answer
67 views

Home office deduction using simplified method & expensing of non-permanent office modification?

This year (2014) I'm planning on taking a home office deduction as I have recently become an independent contractor doing computer programming. I have set up an area in the basement about roughly 300 ...
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1answer
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Selling my house and have been taking home office deduction. What will I owe?

I'm in the process of selling my house. I took a home office deduction a couple times, and I am concerned about what I may be responsible for at tax time. My profit from selling the house is nowhere ...
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2answers
415 views

Can I deduct taxes for home office as a freelance computer software developer?

I am currently working as a freelancer in Belgium for a company developing computer software. In the contract it says that the work is done at client's office and each day I work from the office. I've ...
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177 views

Overseas Foreign Earned Income, Home Office Deduction

In short I live and work overseas. For the past few years I've passed one of either the tests to qualify for the FEI exemption. During this time I've also been doing some web design work for US ...
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961 views

Does a garage's square footage count equally toward home business deduction use percentage calculation?

In the United States, if you run a home business, you may file Form 8829 to deduct the cost of a home office in your income taxes. This form has you calculate the percentage of the home used for the ...