CHAPTER 9: The Home Office Deduction

November 2010
Every Landlord's Tax Deduction Guide (9781413312775);2010, p217
The article focuses on the rules governing tax deduction for home office expenses in the taxable income of rental business owners. It says that landlords can qualify to home office deduction if their home office is used for rental business on a daily basis. It mentions that the square footage method can calculates home office deduction by identifying the percentage of home office that is used for rental business. Moreover, limitations in the size of any home office deduction are discussed.


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