January 16th, 2012 → 8:19 am @ Carol
This is an excerpt from my book Business Tips and Taxes for Writers
Business use of the home is a business deduction, but only if the office portion of your home is used regularly and exclusively for business.
An office cannot be used for writing and used by the kids for homework and be eligible for the deduction. Many authors may regularly use their office, but find the exclusive requirement to be difficult to meet and therefore do not take the business use of the home deduction.
True Story: I have worked from my home office for ten years, but have never taken the business use of the home deduction because my daughters and husband also use my office. On the other hand, my neighbor, Ed, is a salesman with an office devoted solely to his work. His family uses a separate laptop in the family room for homework and personal e-mail. Ed is entitled to a business use of the home deduction, while I am not.
Order Business Tips and Taxes for Writers here
Carol Topp, CPA
Tags: home office, home office tax deduction, tax deduction, writers
estate evaluation
12 years ago
Great post but it would have been helpful if the government gave further specification than that. Like if they CI for that sort of thing.
Tax Deductions and other IRS Matters for Authors | WD Ghostwriting Services
10 years ago
[…] the value of that deduction. Learn more about this particular deduction through these other posts: “The Writers Home Office Deduction,” and “How picky is the home office […]