The Definitive Guide to Home Office Expense Spreadsheet
Get the Scoop on Home Office Expense Spreadsheet Before You're Too Late
You must regularly utilize part of your house exclusively for conducting business. In case it applies to the whole residence, you need to allocate the amount between the home office part of your home and the personal use portion. Warning If you use any portion of your house for business, you must adjust the basis of your house for any depreciation that was allowable for its company usage, even when you did not claim it. If you use part of your house for business, you may have the ability to deduct expenses for the company use of your house.