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April 2, 2024
Question

Moving a home based business

  • April 2, 2024
  • 1 reply
  • 0 views

We moved to a new state in Dec 2023. Which address do I use for our home based businesses? One business qualifies for the home office deduction. Thank you

1 reply

Carl11_2
April 2, 2024

You will enter both home offices. So on your 2023 return you will have TWO home offices.

You will close the old home office on the date you moved out or before.

You will open the new home office on the date you moved in, or after.

The closing date of the old office and opening date of the new office can not be the same, and they can not overlap.