Business Use of your Home

Description

Business use of your home 

Simplified Home Office Deduction 

Qualifying for business use of the home deduction

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

Registration: https://www.score.org/charlotte/event/business-use-your-home-feb-20th