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Updated over 8 years ago,

User Stats

188
Posts
53
Votes
Tim Porsche
  • Investor
  • Denver, PA
53
Votes |
188
Posts

Home Office Deduction Question

Tim Porsche
  • Investor
  • Denver, PA
Posted

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

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