Is Your Home Office a Tax Deduction? Effect on Sale of Home?
Update: 2022-07-28
Description
Working from home as an employee? Are you operating your business from a home office? What qualifies as a home office? What requirements do you need to meet to take a deduction on your home office? What happens if you sell your home after having an office in the home? These are all very important questions that must be answered for taxpayers who are working from their home. I will cover the difference in working from home as an employee and working from home with your own business. I will also clarify what happens when you sell your primary residence after taking some deductions for the business use of your home. This and so much more will be discussed on the next Tax Answers Advisor.
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