02-14-2009, 08:38 PM
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 Re: business expense On Feb 14, 4:12*pm, "rdy...[at]gmail.com" <rdy...[at]gmail.com> wrote: - quote - > I am a contractor and received a 1099-misc. I used my apartment to
Rent and utilities are home office expenses. If the 2nd phone line is> conduct the business. Should I report the rent, utility, 2nd phone > line under "business expense" or "home office"? 100% business use then it's cost is 100% deductible whether you have a qualified home office or not. -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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02-14-2009, 08:12 PM
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| business expense I am a contractor and received a 1099-misc. I used my apartment to conduct the business. Should I report the rent, utility, 2nd phone line under "business expense" or "home office"? -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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