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Hi and welcome to our site!Yes - that is correct - you need to prorate your expenses as business related and personal - and may deduct a portion related to the business use.
Ah, and what form do these expences get tracked on?
Generally, you report unreimbursed expenses on IRS Form 2106 or IRS Form 2106-EZ and attach it to Form 1040. Deductible expenses are then reported on IRS Schedule A, as a miscellaneous itemized deduction subject to a rule that limits your employee business expenses deduction to the amount that exceeds 2 percent of your adjusted gross income.
I see, so i would have to file these expences under the itemized deduciton section? and I can only take the standard deduction OR the itemized deducitons, correct?
Yes - that is correct. Generally we choose to itemize if that is more beneficial compare with standard deduction.
I'm not sure my itemized deductions would amount to that much in comparrison to the standard deduction, I can only write off a portion of the cost of the phone and laptop equivalent to what i use them for in relation to working from home correct?
If your itemized deduction is not as much - you might better to opt for the standard deduction - and that assumed as included all possible deductible expenses - so you do not need to account for these expenses separately.If you opt to use the standard deduction - there is no place to deduct employee business expenses.The situation is different if you run your own business - in this case all qualified expenses are deducted.
Ah, well thanks for clarrifying that then, I'll hit you back up if I need anythign else. :)