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Marvin,EA
Marvin,EA, Enrolled Agent
Category: Tax
Satisfied Customers: 1672
Experience:  Enrolled to Represent Taxpayers Before The IRS
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If your self-employed out of your home how much of your ...

Resolved Question:

If your self-employed out of your home how much of your rent and utilities can you write off??
Submitted: 8 years ago.
Category: Tax
Expert:  Marvin,EA replied 8 years ago.
Hello and thank you for using Just Answer. Business use of the home is determined by dividing the area exclusively used for business by the total area of the home.
Marvin,EA and 5 other Tax Specialists are ready to help you
Customer: replied 8 years ago.
One room for office and a unattached garage? how would i figure that? I own a semi truck and work for myself??
Expert:  Marvin,EA replied 8 years ago.

If your office space is 20% of your home or apartment, then you would deduct 20% of your rent, electric bill, insurance, other expenses that apply to your hone or apartment.

Marvin,EA and 5 other Tax Specialists are ready to help you