Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Home Office Deduction Question
Hi all, I'm thinking about trying to take the home office deduction next year for tax returns, but am not sure if I would qualify. Can anyone tell me, is there a minimum amount of hours you need to use a room for business activities before you are allowed to take the deduction? If I spend on average 5 hours per week in the room doing business related tasks, and use the room exclusively for that and nothing else, would I qualify for the deduction? I would be using this room for doing tasks on the computer related to running a small online business I have and managing rentals. Any advice would be greatly appreciated. I really don't feel like getting audited :D... Thanks