I Use Part Of My Living Room As An Office. Can I Take A Deduction For Business Use Of My Home?

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I Use Part Of My Living Room As An Office. Can I Take A Deduction For Business Use Of My Home?

In general, if you use a part of your home for both personal and business purposes, no expenses for business use of that part are deductible. Exceptions apply for qualified daycare providers and for the storage of inventory or product samples used in the business. This is an area of deductions that the IRS takes special interest in. Before you deduct any substantial business use expenses from your home, you may want to seek the advice of a tax professional or an attorney.

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