Standard deduction with home office
I meet all the criteria listed for a Home Office Deduction, but I'm being told I don't qualify. Why?
I meet all the criteria listed for a Home Office Deduction, but I'm being told I don't qualify. Why?
@LafayetteGirl are you self-employed in this manufacturing business, or are you a W-2 employee?
If you are an employee, then the new tax reform laws suspended most of the deductions for unreimbursed employee expenses, including the home office.
If you are self-employed, does the gross income from the business use of your home equal or exceed your total business expenses (including depreciation)? If not, then your home office deduction is limited.
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