Not for employees. There is also a simplified method of $5 per square foot -- Hokiehouse7 02/08/2021 12:02PMInsert a Link
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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 10:56AMTech Sideline is Presented By:
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