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Old 04-09-2007, 06:13 AM
Benjamin Yazersky CPA
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Default Re: can I deduct home expenses as an outside salesman?

<joe54345[at]gmail.com> wrote:

- quote -

> 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?


Look for an IRS publication on home office to see if you
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. > << ================================================== ===== >
 
Old 04-09-2007, 12:39 AM
bono9763@yahoo.com
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Posts: n/a
Default Re: can I deduct home expenses as an outside salesman?

joe54...[at]gmail.com wrote:

- quote -

> 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?


You can if you have a space that meets the IRS definition of
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. > << ================================================== ===== >
  #-1  
Old 04-05-2007, 05:49 AM
joe54345@gmail.com
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Posts: n/a
Default can I deduct home expenses as an outside salesman?

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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