That's not true. When I had an apartment I would deduct 1/5 of everything: rent, electric, phone and other stuff I can't remember.
On Thu, Jan 20, 2011 at 3:04 PM, Ras Tafari <[email protected]> wrote: > > so expensing some random percentage of the COSTS of the house, based > on the sq footage > of that office, will amount to nil. im jus sayin, it aint worth it, > ive done the math. > > now, if you run a warehouse out of your house, and thats your > business, and its like 5000 sq ft > SURE, expense the hell out of that... but a 10x12 or whatever room it > is, as a percentage of the > costs, i BET, will not add up to any sort of negligible change in your > tax bracket. > > On Thu, Jan 20, 2011 at 2:43 PM, Erika L. Rich <[email protected]> wrote: >> >> You may have, but that's silly. Whether your CPA believes so or not. >> >> There is nothing wring with claiming a home office. >> If you do work from home, then you're allowed to deduct it within the >> confines of what the IRS website says. Period. >> >> Not deducting because of being "scared" is just handing your lunch money >> over to Uncle Sam because he's a bully. >> >> >> On Thu, Jan 20, 2011 at 2:36 PM, Ras Tafari <[email protected]> wrote: >> >>> >>> id fully recommend NOT claiming part of anything on your taxes >>> in relation to a home work office. >>> >>> its a red flag and no one needs any sort of red flags when it comes to >>> filing. >>> >>> if the slightest bit of NON work is audited at your house, you're in >>> trouble. >>> >>> anyway... im no cpa, but ive talked to mine about this. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:333643 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
