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| <joe54345[at]gmail.com> wrote: - quote - > I do not have an office to go to so I work from home. I know
Look for an IRS publication on home office to see if you> I can deduct my phone and traveling to appts, but can I also > deduct part of my electricity, heating and mortgage expenses > seeing as I work from home? meet all of the qualifications, or ask your CPA or other tax professional. ___________________________________ <<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <----- << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| joe54...[at]gmail.com wrote: - quote - > I do not have an office to go to so I work from home. I know
You can if you have a space that meets the IRS definition of> I can deduct my phone and traveling to appts, but can I also > deduct part of my electricity, heating and mortgage expenses > seeing as I work from home? an office in home: A place that is used "regularly" and "exclusively" for business. Most people fail the exclusive part. If your office space is also the guest room, e.g., you fail the test. If you do have a legitimate space, you calculate the percentage of the area of the house the office comprises, and use that number to claim a percentage of your expenses for home mortgage interest, property tax, utilities, insurance, repairs/maintenance, etc. You also depreciation that portion of your home, using 39 years as the class life. << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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| I do not have an office to go to so I work from home. I know I can deduct my phone and traveling to appts, but can I also deduct part of my electricity, heating and mortgage expenses seeing as I work from home? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| deduct, expenses, home, salesman |
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