If your office in the home meets these guidelines, your home office expenses are deductible.
- The office space must be exclusively used as an office.
- The space must be the primary place of business.
- A deduction cannot be made resulting in a business loss for the year.
To properly prepare your return, I will need the square footage of the office and the home and any of the following expenses for the year that may apply to you.
- Rent paid, if rented
- Property taxes, if owned
- Mortgage interest, of owned
- Insurance
- Utilities
- Repairs
- Gardening