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Old 06-11-2008, 02:19 AM
carol b carol b is offline
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Default The home office deduction.

I had heard about this before but didn't really know what was deductible.
If you have an office at home you may find this information helpful.

Quote:
If you use a portion of your home for business purposes, you may be able to take a home office deduction whether you are self-employed or an employee. Expenses that you may be able to deduct for business use of the home may include the business portion of real estate taxes, mortgage interest, rent, utilities, insurance, depreciation, painting, and repairs.
From Motor City Coop Credit Union

The home office deduction.

Read carefully and if you have questions or concerns as always
consult your tax adviser.
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Old 06-11-2008, 01:07 PM
moneysense moneysense is offline
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Default The home office deduction.

I knew that you could take this deduction, but I didnt know that you could take it in all the ways mentioned.

Thank you for making this post, it will be invaluable for a lot of people come tax time.
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