Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

45
Posts
6
Votes
Matt N.
  • Investor
  • Clayton, MO
6
Votes |
45
Posts

Home Office Deduction

Matt N.
  • Investor
  • Clayton, MO
Posted

Hi all!

I had a pointed question related to the home office deduction. I am a real estate agent (licensed in May), an attorney with a full-time job separate from my real estate business, and an investor with several properties and am the property manager for those properties. 

I believe I would qualify for the home-office deduction since I perform most of my real estate business at my house (writing contracts, making appointments, pretty much everything except for showing properties). So in that sense, I am pretty confident I would qualify. However, I also have a full-time job (40 hours a week) as an attorney 20 minutes from my house that I am claiming as a home office deduction. Do you all see any problems here? I can seek out advice from a CPA, which I plan on doing so in February, but I want to know if this is something I should start preparing for the CPA and all the expenses related to it. I also conduct a lot of my property management for my properties administrative work at home for what it is worth. 

One separate question, if I do have it as a home office deduction, can I claim all miles from there to the properties I show, etc., and back as deductible miles?

THANKS!

-Matt

Loading replies...