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Old 12-29-2003, 09:06 PM
GenFinSvcs
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Default Re: new business startup and personally owned equipment

- quote -

> Also, one other question....What are the pitfalls of
> deducting a home office? Overall, is it worth the
> deductions you get?


See Publication 587 at www.irs.gov for details on how the
deduction works. In my opinion, any legal way of reducing
your taxes usually should be exercised. Run the numbers on
your situtaion and see what you think.

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Old 12-24-2003, 12:01 AM
jeepinjoe91
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Default new business startup and personally owned equipment

Also, one other question....What are the pitfalls of
deducting a home office? Overall, is it worth the
deductions you get?

Thank You in advance.

Joe Doyle
GrayWater Services Co.

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