This is wrong .
If you are working out of an office . Like Re/MAX , Century 21 and so on.
You cannot deduct a Office in your home!!!
Now if you have your own business and you're working Exclusively out of
your
home you can .
Trust me I got audited from the IRS and got hosed on this.
I had an office in my home this was not a bedroom or a converted dining
room.
This was an actual office in my home . They said I could not deduct it
because it was just for my convenience .
I had a office I can go to and work . My office in my home was just for
my convenience .
They didn't even kiss me before they screwed me.
Trust me I got audited and it hurts !
"Tax Tip" <realtaxtips@[EMAIL PROTECTED]
> wrote in message
news:dfc2b149-9fa2-4525-8daf-179a57ff021e@[EMAIL PROTECTED]
> If you used a ****tion of your home exclusively and on a regular basis
> as your principal place of business, then the expenses for your home
> office are considered deductible expenses.
>
> Certain requirements must be met, so be sure to consult with a tax
> advisor.
>
> You can deduct a ****tion of your utilities, real estate taxes,
> mortgage interest, rent, insurance, repairs, depreciation, and any
> other expense related to your home. The percentage of actual expense
> that is able to be deducted is determined by the total square footage
> of your home office in relation to the size of the entire building.
>
> Check out Real Tax Tips at TReXGlobal.com to learn more about saving
> time and money on properties and taxes.
> Be sure to try Simplify'em, the FREE Property Management Software from
> TReXGlobal.com. (http://www.trexglobal.com)
>
> Community Relations TReXGlobal.com
> (http://www.trexglobal.com)
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