Of course! Be careful with the home office deduction. It's red flag out of the gate. So much so, I never took a deduction for it in 30 years of having my own business. One audit in 30 years. No change to the numbers.Originally Posted by DGUtley
Senior Member
Of course! Be careful with the home office deduction. It's red flag out of the gate. So much so, I never took a deduction for it in 30 years of having my own business. One audit in 30 years. No change to the numbers.
carolina73 (07-21-2021)
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Agree....
Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes
Docthehun (07-20-2021)
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Apparently they can: Here’s what taxpayers need to know about the home office deduction | Internal Revenue Service (irs.gov)
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Docthehun (07-21-2021)
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It is sort of moot after the 2017 tax reforms. Married filing jointly have a standard deduction of $24K. Most people don't have the ability to itemize above that.
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carolina73 (07-21-2021),Docthehun (07-21-2021),Dr. Who (07-21-2021)
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