Yes, I think you should be able to take the home office deduction...

...which I believe is based on the size of your office vs. the entire house and factors in things like energy costs, property taxes, etc.

However, my main advice is that taking advice from me is a bad idea.

In response to this post by Brown Water

Posted: 02/08/2021 at 10:49AM

Armchair CPAs, if you worked from home for 10 months last year, is there a -- Brown Water 02/08/2021 10:46AM

Not for employees. There is also a simplified method of $5 per square foot -- Hokiehouse7 02/08/2021 12:02PM

I think you must own the business ** -- Tailgate Guru 02/08/2021 11:46AM

I don't think that is the case. I'm not an expert by any means, but I do -- Hokie360 02/08/2021 11:58AM

Tax reform shut that down. ** -- Hokiehouse7 02/08/2021 12:00PM

Main expense will be depreciation for part of home in home office ded. ** -- lchoro 02/08/2021 11:08AM

It's not worth it normally -- bigbadbird 02/08/2021 11:36AM

You have the 500,000 capital gains exclusion ** -- lchoro 02/08/2021 11:40AM

But that's for your primary personal residence -- Tafkam Hokie 02/08/2021 11:49AM

He's on a roll ** -- bigbadbird 02/08/2021 12:54PM

Use simplified method to avoid this. ** -- Hokiehouse7 02/08/2021 12:06PM

That doesn't ring a bell -- Tafkam Hokie 02/08/2021 12:13PM

2013 I believe. Saves some headaches. ** -- Hokiehouse7 02/08/2021 12:20PM

Yeah, it was probably 2007ish when I was dissecting that part -- Tafkam Hokie 02/08/2021 12:22PM

The home office deduction? -- RoswellGAHokie 02/08/2021 11:04AM

I have my own business and have worked from home for years and the HOD -- vt90 02/08/2021 11:08AM

Couple other notes from my experience -- Tafkam Hokie 02/08/2021 11:34AM

Alex P. Keaton could not have said it better. ** -- jdkhokie 02/08/2021 1:51PM

Were you able to write off your recent business trip to sunny Mexico? -- Hokie360 02/08/2021 11:16AM

LOL - nope. I am very careful and conservative when it comes to taxes ... -- vt90 02/08/2021 11:22AM

I hear ya. Even if you've done everything right, the PIA of having to -- Hokie360 02/08/2021 11:27AM

How much money would it save you do you think ** -- Brown Water 02/08/2021 11:11AM

I don't even think it was $1000 .... -- vt90 02/08/2021 11:15AM

PRon subscriptions ** -- bigbadbird 02/08/2021 10:58AM

My employer gave us a "COVID reimbursement". Came as a separate deposit. -- Hokie360 02/08/2021 10:51AM

Yes, I think you should be able to take the home office deduction... -- MP4VT2004 02/08/2021 10:49AM

Questionable if taking the HOD applies if it’s only for the one year. -- PhotoHokieNC 02/08/2021 10:56AM

Yes, I think you should be able to take the home office deduction...

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