Home Business By Home Income Deals

Question: I have 2 in home businesses, can i claim the home office deduction for both businesses on my taxes?

(Posted by: yorkielover on 2010-02-04 14:25:13)

Posted by: Max Hoopla on 2010-02-04, 14:30:26

Yes but only once in total.

Posted by: tro on 2010-02-04, 14:33:20

This office you have in your home has to be exclusively for the business, things of a personal nature will disqualify it ie. if you have a futon or daybed that could be used for guests, forget it and the amount you can use would be the % this room or space relates to the entire home space, when you come down to the nitty gritty it could be so minor it would be a useless gesture