#414 The Home Office Deduction
Main Street Business
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Is Your Home Office Deductible?
The deduction is available as administrative or management function. Even if you have an S corp, we'll get into some technical procedures there from where you would put it. But the regular, though, just keep in mind, let's say you have a 3,000 square foot home and 300 square feet is what you use for the, you know, your office that's exclusive and you use for your business. Now that means 10% of expenses for the home,. whether it's a mortgage or even if you're renting the property still counts.
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