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Updated about 5 years ago on . Most recent reply

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15
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5
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Chris G.
5
Votes |
15
Posts

Home office claim for tax deduction

Chris G.
Posted

Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?

My CPA said that the real estate activities for me are an investment and Not a business and hence I cannot claim business expenses other that travel expenses.

Please provide a reference if you think differently.

Thank you

Most Popular Reply

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8,144
Posts
3,678
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Basit Siddiqi
  • Accountant
  • New York, NY
3,678
Votes |
8,144
Posts
Basit Siddiqi
  • Accountant
  • New York, NY
Replied

@Chris G.

If you have an area within the home that is used regularly and exclusively for your rental business, you are entitled to a home office deduction.

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Basit Siddiqi CPA
4.9 stars
76 Reviews

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