If you used a portion of your home exclusively and on a regular basis as your principal place of business, then the expenses for your home office are considered deductible expenses.
Certain requirements must be met, so be sure to consult with a tax advisor. You can deduct a portion of your utilities, real estate taxes, mortgage interest, rent, insurance, repairs, depreciation, and any other expense related to your home. The percentage of actual expense that is able to be deducted is determined by the total square footage of your home office in relation to the size of the entire building. To learn more about deductible expenses, take a look at all the tips at RealTaxTips.com. Community Relations TReXGlobal.com <http://www.trexglobal.com> Simple FREE to Use Web Tools <http://www.trexglobal.com> for Real Estate Investors
