One of the basic truths for any taxpayer wanting to claim a deduction for business use of the home is, the office area must be used 100% for business purposes. And 100% business use means 100%. But is that really always true?
The general rule with home office deductions is that the deduction cannot generate a business loss. But there’s an exception to this rule.
Not my office! Photo courtesy of www.morgueFile.com It's a holiday week, so I'm re-posting popular stories from the past. This blog post from more than 4 years ago is one of the most popular posts I've ever written. ----- Originally published July 30, 2011 A question that comes up frequently from people with home-based [...]