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Business Use of Your Home

February 20 @ 12:00 pm EST

Free
Live Event (online)
 

About the event


Business use of your home

Simplified Home Office Deduction

Qualifying for business use of the home deduction – Exclusive Use Test

Regular Use Test

Principal place of business test

Activities that don’t disqualify your home office

Meeting place for customers’ test

Separate structure test

Deduction limits

Types of expenses

Expenses related to the business activity in the home

Business Use of the Home Expenses

Deductible expenses

Deduction limits – Gross Income

Example – Determining the home office deduction

What you can’t do

Selling your home when you used it for business

Illegal Tax Avoidance Schemes

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