tax write offs
2 posters
Page 1 of 1
tax write offs
Hi,
Am I able to write off my phone/internet/rent if I work from home a percentage of the time? To that end, gas/electric? Thanks in advance!
Am I able to write off my phone/internet/rent if I work from home a percentage of the time? To that end, gas/electric? Thanks in advance!
dlyons- Posts : 1
Join date : 2011-08-10
TAX WRITEOFFS
Yes, you could write off that portion of your assets that you are putting to use for business purposes. Such as your internet and telephone charges.
The home utilities is different. You would have to have a room set aside exclusively for business use to qualify for this write off. If you did, then you would write off that portion of your utilities that could be allocated to that area of your home. Likewise with all other home related expenses, i.e., renters insurance, rent, etc.
The home utilities is different. You would have to have a room set aside exclusively for business use to qualify for this write off. If you did, then you would write off that portion of your utilities that could be allocated to that area of your home. Likewise with all other home related expenses, i.e., renters insurance, rent, etc.
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Thu Apr 19, 2012 10:34 pm by William D McConnaughy
» neighborhood association
Sat Apr 14, 2012 11:36 am by William D McConnaughy
» Claiming additional state tax on Federal Return
Wed Apr 11, 2012 7:14 pm by William D McConnaughy
» Can I deduct repayments to a disability carrier?
Sat Apr 07, 2012 8:52 pm by William D McConnaughy
» Can I deduct repayments to a disability carrier?
Fri Apr 06, 2012 2:07 am by Moljen5
» Criteria to be considered blind by the IRS
Sat Mar 24, 2012 5:16 am by William D McConnaughy
» Filing an amended return?
Sun Mar 18, 2012 2:19 pm by William D McConnaughy
» medical deductions
Tue Mar 13, 2012 1:56 am by William D McConnaughy
» Form 1120 Schedule K Line 13
Tue Mar 06, 2012 11:47 pm by William D McConnaughy