Questions tagged [home-office]

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1answer
174 views

How much can I deduct for my home office?

I'm a sole proprietor with an office in my apartment and I'm confused on how to calculate my deductions. Suppose the office is 300 sq ft. The apartment is 600 sq ft. Rent is $2000 per month. I see I ...
5
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1answer
200 views

How “exclusive” does business use of a home office have to be?

United States tax law says that to claim a deduction for a home office, the space must be "regularly and exclusively" used for business purposes. Does "exclusively" here mean absolutely 100%? Like, ...
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1answer
233 views

Where should I put Internet expenses for my Home Office?

There are four options: Other Common Business Expenses - Communication; Other Common Business Expenses - Utilities; <– I believe it should never be used if you have home office. Home Office ...
2
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0answers
44 views

I've made an addition to my home: how to I reflect the adjusted basis for home office deduction purposes?

For some years I have operated a home office, and taken the home office deduction. The home office deduction (at least prior to the introduction of the simplified method) mandates calculating ...
3
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3answers
2k views

IRS “convenience of the employer” test when employee lives far from the office

I'm looking for a reliable general reference to the IRS "convenience of the employer" test regarding a home office employee deduction. The IRS test is, the home office must be: a condition of ...
2
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1answer
115 views

How to report house used for 100% business?

Self employed as sole proprietor, was using 1/3 of home as home office. Have moved across state line to new house on July 1st, but keeping old house solely to see existing clientele for the ...
2
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1answer
179 views

Should I have to pay income tax on contribution to home office rent from company?

My girlfriend and I work for the same company based in the UK, and are being moved to New York City, where we will work from home (aside from some time spent visiting clients, say 20% of the time or ...
1
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1answer
83 views

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 ...
1
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0answers
295 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 ...
1
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2answers
625 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 ...
5
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1answer
128 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 ...
5
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1answer
140 views

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 ...
2
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2answers
940 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 ...
2
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1answer
553 views

Overseas Foreign Earned Income; Can I take the Home Office Deduction for a home office based outside the United States?

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 ...
2
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1answer
2k 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 ...