Lesson 3 : Business Use of Your Home

This session will cover: Simplified Home Office Deduction Qualifying for business use of the home deduction – Exclusive Use Test Regular Use Test Principal place of business test Activities that don’t disqualify your home office Meeting place for customers test Separate structure test Deduction limits Types of expenses Expenses related to the business activity in the home Business Use of the Home Expenses Deductible expenses Deduction limits – Gross Income Example – Determining the home office deduction What you can't do Selling your home when you used it for business Illegal Tax Avoidance Schemes

Speaker(s): Paul E. Sadler, Jr

Co-Sponsor(s):

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Fee: No Cost