what percentage of your home you use for business?
By Dale Taylor, Realtor = Chicago Illinois Homes Townhomes Condos
(Re/Max 10 New Lenox Illinois http://dtaylor.remax.com)
What You Can and Can't Deduct When You Work From Home Working from home can offer many advantages including tax deductions. Just take care what you try to write off for your home office on your return says Donna Fuscaldo. Passing the IRS litmus test To meet IRS guidelines, your home office must be your principal place of business, or the place you see clients in the normal course of business. Parts of your home you use to store products or equipment for your business also count. That doesn't mean that all your work has to be done from home. If you're an outside salesperson, you probably spend most of your work time elsewhere. But if you do you billing and return customer calls primarily from your home, your home office should qualify.You can also qualify for the deduction if your employ...
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