Comments on: Tax Deduction : The Home Office

By: Allan

Allan — Fri, 11 Apr 2008 21:42:25 +0000

And remember to always consult your accountant…

By: Allan

Allan — Wed, 09 Apr 2008 17:01:05 +0000

Mike,

Those that file their taxes on a yearly bases usually don’t have to worry about gains. Unless you do sell your house in that tax year.

By: Mike

Mike — Wed, 09 Apr 2008 16:42:50 +0000

My CPA talked me out of taking the home office deduction for the year I was planning to sell my home. Normally you don’t pay tax on the gains of the sale of your primary home. By claiming the home office deduction, your business will have to pay taxes on its portion of the gain. Just something to keep in mind.

By: Allan

Allan — Wed, 09 Apr 2008 16:23:35 +0000

You’re welcome Sam.

By: Sam Wyatt

Sam Wyatt — Wed, 09 Apr 2008 07:08:24 +0000

Hi,

Thanks a tonne for this wonderful information. It has been very useful for me.