Home Office
Home office
- Where the space is, and that it is used regularly and exclusively for business
- Square footage of the space and of the home
- Direct expenses versus whole-home expenses
- Rent, mortgage interest, taxes, utilities, and insurance split only after the percentage is known
- Daycare or storage exceptions only if the user states those facts
- Simplified method versus actual — the CPA chooses
Do not compute a deduction from a keyword hit on rent or internet.