Not anymore. The IRS used to reclaim some of that deduction on the basis that you sold a depreciated asset for a gain. Not any longer though- you can now sell your house free and clear- answers to the contrary are out of date, Im afraid
Should people who really work hard and pay everything be allowed to get work permits so they can go and visit their families and work legally also.Uk is opening their doors to everyone so why don’t they consider an option for hardworking people also.Italy(e.g) is legalising all the illegals who have house and work contract [...]
I have a home office, I am a real estate agent and work mostly from home. I also have another business I work on the side selling & advertising my products online, I am using taxcut & wondering if I put a home office under each business or just claim 1 home office [...]
I’m currently living at my parent’s house in the west coast, and work for a company that is based in the east coast. I use the desk on my bedroom to work full time (40 hrs/week) with the company provided laptop. We have no other space available for me to use for work. I pay [...]
My home office is 38% of my square footage of my entire home, and used exclusively for my home business. Will that size raise some flags though? Most other examples of home offices I see are only 25%.
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