New answers tagged eligible-expenses
5
I think you are confused about what the IRS considers a business or not.
The IRS has written on this issue regarding a person who makes investments for a living with Topic No. 429 Traders in Securities (Information for Form 1040 Filers) which classifies individuals as: Investors, Traders, and Dealers. Skipping Dealers as they have obvious customers,
So an ...
2
You may be able to deduct some of it. However, it is limited to the portion of the apartment that is used exclusively for work.
https://www.irs.gov/businesses/small-businesses-self-employed/home-office-deduction
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