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April 3, 2024
Question

If I work at home and rent a studio space can I deduct both

  • April 3, 2024
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    1 reply

    April 3, 2024

    Yes, you can deduct the rent you pay for the studio space and claim expenses for your home office.  Just be sure that the home office space is qualified as a home office as you go through the steps in TurboTax.

     

    The main requirements are that it be used regularly and exclusively as a principal place of business.  Take a look at the following TurboTax help articles to learn more:

     

    What does "Regular and Exclusive Use" mean?

     

    What qualifies as "Principal Place of Business" for the home office deduction?

     

     

     

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