Income Tax-Business Use of Home Deduction

Determine eligibility for the business use of your home deduction and compare simplified versus actual expense methods. Allocate direct and indirect expenses, apply depreciation using Schedule C and Form 8829.

Explore how to claim the business use of your home for daycare, including the exclusive use rule, simplified versus actual methods, and calculating business vs personal space.

Download the downloadable PDA file to use as a supplement to the instructional video for the next presentation.

Learn how the home office deduction works when you operate more than one trade or business, determine the principal place for each activity, and allocate expenses across Schedule Cs.

Downloadable PDA file accompanies the next presentation, serving as a supplement to the instructional video on income tax and the business use of a home deduction.

Explore how to qualify for the business use of home deduction when you meet patients, clients, or customers. Learn the two tests, exclusive use, and the role of separate structures.

Access a downloadable PDA file to supplement the instructional video on the income tax business use of home deduction.

Discover how to deduct meals for a home daycare business using actual costs or standard meal rates, while maintaining records and reporting on Schedule C and Form 1040.